Feeds

Pink slips coming at WSJ.com

Slowing ad spend claims more victims

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Online newshound WSJ.com is to lay off staff as part of parent company Dow Jones' cost cutting campaign.

The site, which has 250 full-time staff - including 80 in editorial, will be hit by "a limited number" of layoffs, a Dow Jones representative said today.

The job cuts are part of a move announced earlier this month to save Dow Jones $55 million and $60 million during the year. The action, blamed on the slowing economy and a general softness in advertising spend, includes reducing the company's total headcount of 85,000.

The representative declined to say which areas of WSJ.com would be affected - or how many people would lose their jobs, only commenting: "We're not talking huge numbers".

"Most of the layoffs will happen in other areas [of the company]," she added.

More details have been promised for April 12, when the company is due to report its Q1 earnings.

WSJ.com has 535,000 subscribers, who pay $59 per year for the online service (or $29 if they already have the print subscription for The Wall Street Journal). ®

Related Stories

VNUNet online experiment fails
TechWeb = TechLoser
TheStreet.co.uk goes titsup.com
Contenders pile into Brit online finance news wars

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.