January 24, 2018

Latest Updates

Al-Jazeera to cut 500 jobs

Al-Jazeera to cut 500 jobs

Qatar’s state-funded broadcaster Al-Jazeera on Sunday announced a fresh round of job cuts with around 500 positions being lost, most of them at the network’s Doha headquarters. On top of existing losses of 700 jobs following an announcement earlier this year that Al-Jazeera America is to close, it means the broadcaster is set to shed more than 20 percent of its global workforce.

In total, the job cuts will reduce Al-Jazeera’s staff numbers from around 5,200 to 4,000. The cuts come at a time when gas and oil-rich Qatar is readjusting its spending priorities as it grapples with the global slump in energy prices.

Al-Jazeera said on Sunday that after a management review it was “expected that around 500 positions worldwide will be impacted, the majority of which are in Qatar”. Announcing the job losses in a statement, acting Director General, Mostefa Souag, said the cuts would allow the network “to evolve our business operation in order to maintain a leading position and continue our recognised commitment to high quality, independent and hard-hitting journalism around the world. Read more

READ  World's largest wealth fund in Norway reaches record $1tn (RT)

Photo Credit

Radi8
InnJoo Reborn

We think you'd love these too...

Comments

comments

Related posts

Share your thoughts.

Loading Facebook Comments ...

Leave a Reply

Your email address will not be published. Required fields are marked *