Al-Jazeera, the Qatar-based broadcaster, said Sunday it is slashing about 500 jobs a little more than two months after announcing the closure of its U.S. offshoot.
The cutbacks come as 2022 World Cup host Qatar refocuses its spending priorities amid a steep drop in prices for oil and gas, the backbone of the OPEC nation's economy.
The Al-Jazeera Media Network described the cuts as part of a "workforce optimization initiative" tied to an evolving media landscape.
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