Financial Times announces buyouts in quest to be “a digital platform first, and a newspaper second”

From PaidContent:

Financial Times editor Lionel Barber wrote in an email to staff Monday that the newspaper will offer staff buyouts in an attempt to save £1.6 million as it also hires 10 new employees on the digital side. “The intention is to reduce the cost of producing the newspaper and give us the flexibility to invest more online,” he wrote in the email, posted in full at the Guardian. About 35 people would need to take the buyout, or layoffs will begin.

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