Financial Times Said to Cut 3 Percent of Editorial Staff as Print Declines

The Financial Times, the salmon-colored newspaper bought by Japan’s Nikkei Inc. in 2015, is eliminating 20 editorial jobs globally through attrition to cut costs as print revenue declines, according to people familiar with the matter.

The newspaper is offering a handful of voluntary buyouts and won’t replace some people who are leaving, which will cause headcount to shrink, said Kristina Eriksson, an FT spokeswoman, in an e-mailed statement. The Financial Times has about 600 editorial staff worldwide.

Read more