FT Announces Job Cuts as it Shifts Focus From Print

Twenty-five positions will be eliminated at the Financial Times as the paper shifts resources from print to digital, FT Editor Lionel Barber announced Monday.

In a memo e-mailed to staff, Barber said the FT needs to spend less money (and time) producing the paper so it can invest in improving its online presence. "We need to ensure that we are serving a digital platform first, and a newspaper second," he wrote.

"Our common cause is to secure the FT's future in an increasingly competitive market, where old titles are being routinely disrupted by new entrants such as Google and LinkedIn and Twitter," he explained. "Our competitors are harnessing technology to revolutionise the news busin…
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