The Daily Lays Of 30% Of Employees
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Earlier this month, we reported that The Daily was losing $30 million per year. The Daily is a digital publication that is run by News Corporation. Now the company is laying off one-third of their 170 employees to “streamline its production, focus resources on its most popular features, and reflect the changing business environment for news and media.” The design and production teams at the company were pretty large. That team will be hit very hard. The sports editors will be hard too because now they will be replaced by Fox Sports syndication.