AP to cut 10% of workforce
The Associated Press (AP) plans to cut up to 10% of its workforce in 2009, or around 400 people.
Reuters quotes sources at AP who were present when AP Chief Executive Tom Curley delivered the news as part of a “town hall” meeting with employees. The cuts are said to be made to assist AP to cope “with tough financial times and ailing member newspapers.”
AP said in a statement that “All areas and ways of doing business are being reviewed. The AP, which recently instituted a strategic hiring freeze, may need to reduce staff over the next year. If so, it hopes to achieve much of the reduction through attrition.”
AP has made headlines this year as members have resigned or have considered doing so, including the Tribune Company.