The Associated Press is cutting 8% of its workforce, with some staffers offered voluntary buyouts as cuts in media hit the longstanding news agency. Less than half of the staff reductions are impacting the news division, according to an internal memo obtained by TheWrap.
The news agency is “making some difficult changes so we can invest more fully in our future,” AP president Daisy Veerasingham said in the memo.
“We all know this is a time of transformation in the media sector. Our customers – both who they are and what they need from us – are changing rapidly. This is why we’ve focused on delivering a digital-first news report.