FT the latest publisher to wield axe over jobs

The Financial Times is axing a number of jobs which is expected to include its sales and marketing departments. The move comes in a year which has seen a number of newspaper publishers undergoing major restructures.

A leaked email sent to staff by FT chief executive, John Ridding, revealed plans to make up to 60 staff redundant.

The cuts are expected to include advertising sales, marketing, finance, IT and conferences.

Ridding said the decision had been made in a bid to “streamline” the organisation and make it more “efficient”.

This month, Telegraph Media Group announced a restructure of its marketing and digital departments, aimed at making it more closely aligned to the commercial aspects of the company (MW October 16).

Daily Mail and General Trust last month also announced a major restructure, merging the management teams of its national and regional newspaper businesses under a new unit known as A & N Media.

News International has similarly made widespread changes, most recently announcing the merging of its digital sales teams.

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