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Guardian News and Media to Slash £54m From Annual Budget to Curb LossesPress GazetteFeb. 01, 2016 |
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 Guardian News and Media has announced plans to cut annual costs by £53.6m in order to curb its rising losses. As of last year GNM employed 968 “core editorial staff”. The company has not yet revealed how many journalists are to go as part of the planned cost cuts but 20 per cent of the current editorial total would be 194 positions. Asked whether journalism jobs are under threat at GNM, a spokesperson said: "All budget holders have been asked to review their cost base and achieve savings in the most sustainable way, including editorial. We do not, however, wish to damage our journalistic integrity and the quality of our editorial products and offering as they are key to our future growth and development." Read More 
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