Business

Mail Online and Sun take axe to US-based workforces

Two of Britain’s biggest newspaper publishers are taking the axe to their US workforces, slashing scores of jobs in the latest evidence of mounting financial pressures across the media sector.

Sky News has learnt that News UK, the publisher of The Sun, and DMGT, owner of the Daily Mail, have this week announced sweeping internal restructurings in their digital operations on the other side of the Atlantic.

Industry sources said on Friday that the two companies were cutting significant numbers of employees in the US, where The Sun launched an American edition online four years ago.

By coincidence, the two sets of cutbacks are understood to have been launched on the same day.

DMGT launched a US edition of MailOnline in 2010, and is thought to employ about 200 people there, a reduction from roughly 260 seven years ago.


Follow Sky News on WhatsApp
Follow Sky News on WhatsApp

Keep up with all the latest news from the UK and around the world by following Sky News

Tap here

One insider said the DMGT layoffs represented just under 10% of its US workforce, while the proportion of The Sun’s US staff being let go is understood to be much higher.

A source close to News UK, which is part of Rupert Murdoch’s media empire, denied that it was as high as 80%.

More from Business

The company is thought to employ about 100 people on The Sun’s US platform.

One media analyst said the redundancies, which have not been announced publicly, were a reflection of the “intense” pressure on news media brands, even in areas where their digital audiences had gained significant momentum.

A spokesperson for The Sun said: “The US Sun has been an incredibly successful business, driving billions of page views.

“However the digital landscape has experienced seismic change in the last 12 months and we need to reset the strategy and resize the team to secure the long term, sustainable future for The Sun’s business in the US.”

DMGT declined to comment.

Articles You May Like

Half of Uber’s riders say no to self-driving cars – highlighting trust issues
Scores of companies take AIM at Reeves over tax threat
Carvajal, Rodri injuries show top players have too many games. Are national teams to blame?
Check out BLUETTI’s unmissable Fall Prime Day deals this October
Kate carries out first joint public engagement with William since cancer treatment ended