Financial Times Cuts 80

The Financial Times announced Monday that it is eliminating 80 positions from its staff worldwide.

Around 20 positions are editorial, and the rest a mix, including streamlining duplicated jobs caused by previous acquisitions.

The Financial Times’ John Ridding said in a memo to staff that the move was about streamlining the business: “We are deepening integration in our print and digital operations, combining some operations with our recent acquisitions and simplifying some of our processes to increase efficiency and deploy resources in line with our objectives. ”

The Finanncial Times’ last cut was October 2008 when 60 people were made redundant.

(img credit: The Guardian)