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Associated Press to Cut 8% of Staff Through Buyouts, Layoffs to ‘Accelerate’ Digital News Strategy
The AP will reduce its workforce by 8% through a combination of voluntary buyout offers and layoffs, according to CEO Daisy Veerasingham.
The Associated Press is making cutbacks in staff as the not-for-profit news organization seeks to “accelerate” its digital-first focus, according to Daisy Veerasingham, the AP’s president and CEO. The AP will reduce its workforce by 8% through a combination of voluntary buyout offers and layoffs, Veerasingham wrote in a memo to staff Monday, a copy of which was obtained by Variety. The AP’s digital-first journalism was “crucial” in its coverage of the 2024 U.S. elections, “where the usage of our live video, data, outstanding visuals and engaging interactives was unprecedented,” she added.
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