Associated Press to trim global staff amid – Business News
The Associated Press mentioned Monday that it’s reducing much less than 5% of its global workforce amid shrinking newspaper readership and promoting declines — the most recent cuts to hit the struggling information industry.
The adjustments will principally have an effect on the US information workforce, in addition to a small quantity of jobs in different US-based reporting models, government editor Julie Pace mentioned in a Monday memo to staff, citing shifts within the turbulent media panorama.
Pace mentioned that the AP’s clients have modified, citing a shift from print media to broadcasters, digital retailers and non-media firms.
The AP is reducing beneath 5% of its workforce amid a broader shakeup of its US business, the company mentioned Monday. AP
“Even though we’ve evolved in the US over the past few years, too much of our operations are still tied to large U.S. newspaper groups, who make up less than 10% of our business. Now is the time to be bolder about making this transformation,” she wrote.
The information honcho didn’t element how many roles could be slashed, however the Marketing and Media Alliance estimated that the AP has 3,700 staff — which might translate to much less than 185 jobs getting hit.
An AP spokesperson declined to handle the quantity of jobs that will probably be misplaced.
“AP’s business is stable and profitable. We are making strategic decisions to ensure we’re set up to meet the needs of our top customers – the global leaders in broadcast and digital, and the world’s largest technology companies,” the rep instructed The Post.
“Like any media organization in today’s environment, we are continuing to evolve to ensure we’re reaching people where they get their news and information today.”
AP government editor Julie Pace mentioned the company should make a bolder transfer to evolve its US business. AP
The restructuring comes amid broader cuts throughout the media industry as information retailers proceed to grapple with falling promoting income, dips in readership and shifts in how people get their information.
The Washington Post slashed roughly a third of its workforce in February, together with tons of of newsroom staffers, because it restructured operations and cut back protection areas.
Other main retailers going by cuts embrace CNN, CBS, NBC and Business Insider, because the retailers pivot to digital-first and video-centric methods.
AP laid off about 8% of its workforce in late 2024 in a comparable transfer to modernize its business.
This time round, the company mentioned it should search voluntary departures from unionized staff earlier than it makes the broader cuts.
