UPDATE: Guardian to cut 100 jobs; GNM running at £100,000-a-day loss
Following news that the Observer is to cut sections and drop monthly supplements, there were reports yesterday of more than 100 job cuts at owners Guardian News & Media.
The cuts will be made to offset losses as GNM is currently running at a loss of £100,000 a day, according to Brand Republic, and were announced following a strategic review of the group’s papers.
A voluntary redundancy scheme has been introduced and cuts will affect staff across commerical and editorial departments.
The Guardian’s print technology supplement, published on a Thursday, will also be cut and moved online-only, as part of the changes.
Tags: gnm, guardian, guardian news and media, observer
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