FT to Slash 80 Jobs in Digital-Print Integration

More bad newspaper news just in from our colleagues at Editor & Publisher:

Seeking a "deepening integration" in the print and digital operations of its newspaper and commercial businesses, the Financial Times said Monday it is eliminating some 80 people from its staff worldwide.

"We are now taking the next steps in reorganizing and streamlining our business," FT John Ridding said in a "Dear All" memo to employees. "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. These changes involve a restructuring plan across several departments, and regrettably, about 80 people are likely to be affected across our global operation."

The layoffs also eliminate duplications in functions with newly acquired properties, the memo said. Last October, 60 jobs were eliminated in a round of layoffs.

The full memo is online here.