Cuts Coming Next Week at 'Wall Street Journal'

What You Should Have Read, Jan. 30, 2009

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Cuts Coming Next Week at 'The Wall Street Journal'

Portfolio media blogger Jeff Bercovici reports that when Gerard Baker starts his new job as The Wall Street Journal's new deputy editor in chief next Wednesday, he'll have a lot of names to learn. But not quite as many as if he'd started sooner. According to multiple sources within and close to the Journal, the newsroom is due to undergo another round of personnel cuts late next week. It's unclear exactly how many employees will be affected, but two sources put the number of people being targeted at 50. (If, as seems likely, that is the number of people on the list to be offered buyouts, then the actual number of jobs eliminated could be substantially lower.) It's also rumored that there will be parallel cuts at Dow Jones Newswires, and that one or more Journal bureaus may be eliminated as part of the cutbacks. A Dow Jones spokeswoman declined to comment.

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