Associated Press to Cut 8% of Workforce in Digital Shift
The AP is restructuring to focus on digital-first journalism, offering buyouts and laying off employees.
- The Associated Press plans to reduce its workforce by 8%, primarily through buyouts and some layoffs.
- The decision comes as the AP seeks to accelerate its transition to a digital-first organization amid changing market needs.
- Major news chains like Gannett and McClatchy have stopped buying AP content, impacting its revenue.
- Less than half of the job cuts will affect the news division, with the majority occurring in the United States.
- The AP has reached a tentative agreement with its union to offer buyouts, subject to member ratification.