Last November, the AP decided it would be reducing its budget 10% this year—costing up to 400 jobs, we heard at the time. How's that going? Michael Calderone estimates they may need hundreds more layoffs before January. [Politico] *Clarification:
From the AP's Paul Colford:
You may have misread Michael Calderone ("Calderone estimates they may need hundreds more layoffs before January.")
He says this:
"Early estimates put the 10 percent pay roll cut at roughly 400 staffers. But it's unclear how many would be cut, given that the targeted reduction is in payroll and not headcount."
So hundreds of layoffs would seem logical based on the numbers we have. But it's a guess.