The Wall Street Journalannounced it is cutting about 25 of its 760 newsroom positions on Thursday.
A spokesman for the newspaper said the cuts were made through a combination of layoffs, buyouts and elimination of job openings. The Journal has about 760 newsroom employees.
The Wall Street Journal is published by Dow Jones & Co., which also publishes this newswire. Dow Jones is owned by News Corp. (NWS), which will report its fiscal second-quarter earnings after the closing bell.
The layoffs had been rumored. News. Corp also reported a $6.4 billion 4th quarter loss.
The Wall Street Journal announced it is cutting about 25 of its 760 newsroom positions on Thursday.
