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Dow Jones news to lay off 22 employees –union

By Helen Coster (Reuters) -Dow Jones, a division of News Corp (NASDAQ:NWSA) that includes the financial news outlets the Wall Street Journal, Barron's and MarketWatch, plans to...
Dow Jones news to lay off 22 employees –union © Reuters. FILE PHOTO: The News Corporation logo is displayed on the side of a building in midtown Manhattan in New York, U.S., February 27, 2018. REUTERS/Lucas Jackson/File Photo
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By Helen Coster

(Reuters) -Dow Jones, a division of News Corp (NASDAQ:NWSA) that includes the financial news outlets the Wall Street Journal, Barron's and MarketWatch, plans to lay off 22 employees, according to IAPE, the union representing unionized Dow Jones employees.

In a statement to Reuters on Wednesday, a Dow Jones spokesperson said that "several teams have partially reorganized to align with our priorities and position us for further growth" and "certain positions have been eliminated."

In a statement on the IAPE website on Thursday, the union said that positions were cut from several departments, mostly impacting employees who are assigned to work out of New York or Princeton, New Jersey, but also affecting staff in Chicago and Los Angeles. The cuts include engineering, sales and marketing roles and do not include jobs in the Wall Street Journal newsroom.

The news of layoffs at Dow Jones comes amid planned cuts at other outlets, including the Washington Post.

The news industry announced 1,800 job cuts last year, up 20% from 1,500 in 2021, according to a January report from Challenger, Gray & Christmas.

In December News Corp named Sunday Times editor Emma Tucker the new editor of the Wall Street Journal and Dow Jones Newswires. Tucker will begin her new role on Feb. 1.

Reuters, part of Thomson Reuters (NYSE:TRI) Corp, competes with Dow Jones.

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04-02-2023 05:40:52 (UTC+7)

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    EUR/USD 1.0795 Buy  
    GBP/USD 1.2054 ↑ Buy  
    USD/JPY 131.19 ↑ Sell  
    AUD/USD 0.6923 ↑ Sell  
    USD/CAD 1.3399 ↑ Sell  
    EUR/JPY 141.62 Neutral  
    EUR/CHF 0.9996 Buy  
    Gold 1,877.70 ↑ Sell  
    Silver 22.390 ↑ Sell  
    Copper 4.0312 ↑ Sell  
    Crude Oil WTI 73.23 Buy  
    Brent Oil 79.84 Buy  
    Natural Gas 2.385 Sell  
    US Coffee C 173.63 Buy  
    Euro Stoxx 50 4,257.98 ↑ Buy  
    S&P 500 4,136.48 ↑ Buy  
    DAX 15,476.43 ↑ Buy  
    FTSE 100 7,901.80 ↑ Buy  
    Hang Seng 21,660.47 ↑ Buy  
    Small Cap 2000 1,983.57 ↑ Sell  
    IBEX 35 9,225.60 Neutral  
    BASF 54.040 ↑ Buy  
    Bayer 56.68 Neutral  
    Allianz 220.75 ↑ Buy  
    Adidas 161.06 ↑ Buy  
    Lufthansa 9.902 ↑ Sell  
    Siemens AG 145.02 ↑ Sell  
    Deutsche Bank AG 11.530 Buy  
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