The staff cuts mainly seem to be falling in production. Thomson says: “The reformed structure means that it is essential for reporters and bureau chiefs to ensure that copy filed to the news desk is clean, to length and conforms to our style.”
Thomson says in his memo that there are plans for “ambitious expansion” of web and international operations for the Journal and the Newswires side of the business and that 95 journalists are being added “over coming months”.
He says: “There is good reason for optimism at Dow Jones amid the pessimism prevailing in our industry.”
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