In an effort to reduce its staffing by roughly 8 % and transition to a “digital-first” media source, The Associated Press announced on Monday that the news organization will start hiring employees and offering individual buyouts.
According to Associated Press CEO Daisy Veerasingham,” we all know that the internet business isundergoing change,” she told staff people on Monday. Our clients are changing rapidly, both in terms of who they are and what they want from us. This is why we’ve focused on delivering a digital-first media report. This must be accelerated right away.
The Associated Press indicated that the company’s shift to emphasizing a “digital-first information report” may include evaluating digital content, such as photos and videos. In an internet to the bank’s team members, The Associated Press said,” As we upgrade our materials and procedures, we will remove some posts across the business”.
According to The Guardian, Veerasingham added,” I know this is difficult information, and there will be a period of uncertainty as we work through these changes”.
Learn MORE: CNN cutting lots of work after 2024 vote: Report
Following the 2024 presidential election, different media outlets, including CNN, have announced plans to reduce personnel at the Associated Press.
The Associated Press no lengthy claims to be the largest news-gathering firm despite being once regarded as the largest news-gathering agency in the world. The Associated Press reported that less than half of the job cuts may affect people directly responsible for producing the information, despite the information service’s never yet disclosed how many people may be affected by the labor reduction strategies.
According to The News Media Guild, 121 of its members were likely to receive buyout offers. The Associated Press reported that there would be fewer than 121 job cuts for union members.
The Associated Press ‘ job cuts come after Gannett and McClatchy, two of the biggest news outlets, announced earlier this year that they would no longer buy news from the outlet. The Associated Press has struggled to overcome the issues that other news organizations face, according to the outlet, despite making efforts to diversify its revenue sources, including accepting donations.
