'Wall Street Journal' layoffs continue, despite lucrative AI deal and record profits

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'Wall Street Journal' layoffs continue, despite lucrative AI deal and record profits
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The Wall Street Journal conducted another round of layoffs, explaining that it was pulling back from regional and local general news. It already has cut staff in Washington and abroad.

Editor in Chief Emma Tucker has conducted multiple rounds of newsroom layoffs this year as part of a broad reorganization. Here, she participates in a panel discussion on the importance of free and safe global reporting during a 2023 conference hosted by the newspaper.has laid off even more journalists, despite a surge in paid subscribers, strong profits at its parent company, and a new nine-figure licensing deal with OpenAI.

“Our Editor-in-chief is reshaping our newsroom with an eye towards digital growth, subscription growth and high-quality journalism,” a spokesperson said in a written statement. “While we recognize change can be difficult, it is necessary to ensure we have the right structure in place to support our objectives.”

In a memo to staff today, Tucker wrote that the paper had embraced a “reader-first strategy,” and shed focus on regional and local general news. “We have made a lot of changes in recent months, and I can say that we are very much delivering for our readers,” Tucker wrote. “Subscriptions are up, engagement is up, the website and the app and the paper are brilliant and surprising and interesting every single day.

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