Executives from The Guardian said today there will be cuts at the British news organization's U.S. operation, announcing a 30 percent reduction in headcount across the board.
In a meeting with newsroom staff, Guardian Media Group CEO David Pemsel called the changes a "course correction." Eamonn Store, the CEO of The Guardian's U.S. operations, told staff that the changes were due in part to low ad sales, and revenue projections that are "not enough to maintain our current cost base."
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