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Financial Times Layoffs: 80 Lose Jobs

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The Financial Times group is planning to make up to 80 staff redundant across its global operations, telling journalists today that 2009 will be a "crucial year for news media".

The FT chief executive, John Ridding, told staff the company had started negotiations with 80 employees about possible redundancy as part of its restructuring plans. All those who may face redundancy will have been contacted by tomorrow, he said.

Ridding also revealed that the FT will increase digital and print integration and will merge some of its recent acquisitions with existing operations.

Read the whole story at Guardian