New York Times: Wall Street Journal begins another round of job cuts.
From editor Gerard Baker’s memo:
We will be closing the Bahasa Indonesia website and a number of our bureaus in Europe and Asia will be reduced in size. The bureaus in Prague and Helsinki will be closed. We will reduce significantly the amount of output we do that generates relatively little traffic or subscribers. That means a sharp reduction in the number of non-core blogs we do.
In New York, we will be eliminating the small business group and the NY-based economics team to consolidate our US economics coverage in Washington DC. We will be scaling back significantly our personal finance team, though we will continue to provide high quality reporting and commentary on topics of personal financial interest to our readers.
The full memo is after the jump. Read More