May 30, 2024
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Sometimes Cuts Are Necessary Even When Business Is Healthy

On Thursday, The Wall Street Journal let go of “at least five more employees” from the U.S. news and “speed and trending” teams, as per Politico. In the Politico newsletter, the author wrote:

The lack of a business rationale for recent cutbacks has vexed the WSJ newsroom, and union members are planning a lunchtime walkout today in protest. “There seems to be no justification for doing this other than a wish to cut costs to the bone and maximize profits without regard to the destruction of employee morale, loyalty and the quality of our report,” said one WSJ journalist.

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