AP to Slash Staff by 8% Amid Media Industry Shifts

The Associated Press (AP), a well-known news agency, is cutting 8% of its staff. This includes both layoffs and voluntary buyouts. The memo sent by AP president Daisy Veerasingham mentioned that the media sector is going through a major change, and the AP wants to focus more on digital news. The cuts will mostly affect the U. S. and will impact less than half of the news division. The AP is also launching a new non-profit to fund local journalism.The AP is doing these changes to stay relevant. They want to make sure they meet the needs of their customers as things change in the media world. They realize that this is a tough time and that their staff might feel uncertain. But the AP wants to be honest about what’s happening and support their employees through the changes. It’s important for the AP to adapt and grow. They’ve done this before and want to keep doing it. The AP wants to be the best source of independent news and is making these changes to invest in their future. They’re also doing new things like creating digital-first journalism and starting a foundation for journalism.