All articles tagged with #staff reductions
NBC News laid off about 150 staffers, roughly 2-7% of its workforce, as part of cost-cutting measures ahead of Comcast's split of its cable networks into Versant, which will no longer provide newsgathering for MSNBC and CNBC, leading to organizational changes and job reassignments.
The article discusses how recent policies under the Trump administration, including staff cuts, funding reductions, and administrative changes, are causing turmoil within the US national park system, threatening its environmental integrity, operational capacity, and relationship with Native American tribes, despite its popularity and economic importance.
Volkswagen's 10 billion euro savings program will involve staff reductions as the company's brand chief, Thomas Schaefer, warns that high costs and low productivity have made its cars uncompetitive. The German carmaker is currently in negotiations with its works council over a cost-cutting scheme at its VW brand, which is the first step in a company-wide effort to improve efficiency during the transition to electric cars. While the company plans to reduce its workforce through agreements on partial or early retirement, the majority of the savings goal will be achieved through measures other than personnel reduction.
The San Diego Union-Tribune has been sold to hedge fund Alden Global Capital's MediaNews Group, completing the transaction on Monday. The newspaper, which dates back to 1868, was previously owned by Tribune Publishing and sold along with the L.A. Times to Patrick Soon-Shiong in 2018. MediaNews Group, known for cost-cutting methods, owns over 100 newspapers and has faced criticism for staff reductions. The new ownership anticipates making staffing decisions to offset revenue slowdowns, seeking efficiencies while prioritizing local newsgathering.