The Associated Press plans to cut its workforce by 8% starting with staff buyouts and some layoffs
The Associated Press, better known simply as the AP, said in November that it would begin offering buyouts and lay off selected employees, part of a plan to reduce the news outlet’s staff by about 8% and accelerate a transition to a digital-first organization. The move is part of what is expected to be a dispiriting end-of-year period in the news industry, which is beset by business woes that go back years. The end of a busy presidential-election cycle was also expected to accelerate reorganization plans. The AP said those eligible for buyouts were to learn of the offer,...
Read More