Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
☕ Buy the dip? After losing 17%, Starbucks sees an estimated 20% upside. See the top Undervalued stocks!Unlock list

WSJ plans to restructure Washington bureau, let go of some staff - Axios

Published 01/30/2024, 01:43 PM
Updated 01/30/2024, 01:45 PM
© Reuters. Copies of The Wall Street Journal newspaper are displayed for sale at a newsstand inside Moynihan Train Hall, after the announcement that Rupert Murdoch would step down as chairman of News Corp and Fox in favor of his son Lachlan Murdoch, in New York City

(Reuters) - The Wall Street Journal is planning to restructure its Washington bureau and lay off some staff, news site Axios reported on Tuesday.

"The reorganization will also move some Washington-based economics coverage to New York," the Axios report said citing sources.

The changes will include "a small number of layoffs as well as some new roles", the report said.

The Journal and its parent firm News Corp (NASDAQ:NWSA) did not immediately respond to a Reuters requests for comment.

The report follows a string of layoffs in the U.S. media sector. The Washington Post, Business Insider, Conde Nast, Sports Illustrated and TechCrunch, among others, have all laid off staff over the last few months.

The WSJ had named Damian Paletta as Washington Coverage Chief on Jan. 18.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.