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WSJ plans to restructure Washington bureau, let go of some staff – Axios

January 30, 2024January 30, 2024

(Reuters) – The Wall Street Journal is planning to restructure its Washington bureau and lay off some staff, news site Axios reported on Tuesday.

“The reorganization will also move some Washington-based economics coverage to New York,” the Axios report said citing sources.

The changes will include “a small number of layoffs as well as some new roles”, the report said.

The Journal and its parent firm News Corp did not immediately respond to a Reuters requests for comment.

The report follows a string of layoffs in the U.S. media sector. The Washington Post, Business Insider, Conde Nast, Sports Illustrated and TechCrunch, among others, have all laid off staff over the last few months.

The WSJ had named Damian Paletta as Washington Coverage Chief on Jan. 18.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Shilpi Majumdar)

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