Wall Street Journal cuts Hong Kong staff, shifts focus to Singapore
Al Jazeera
Company-wide memo says the newspaper is shifting its ‘center of gravity in the region’ to Southeast Asian hub.
Hong Kong, China – The Wall Street Journal has announced staff cuts at its Hong Kong bureau as it shifts its “center of gravity in the region” to Singapore, marking the latest blow to the financial hub’s once-thriving media industry.
Editor-in-chief Emma Tucker told staff in a company-wide memo on Thursday that the newspaper was following the same path that “many of the companies we cover have done”.
The cuts include six editorial staff in Hong Kong and two reporters at the newspaper’s Singapore office, two sources familiar with the matter told Al Jazeera on condition of anonymity.
In her memo, Tucker said “some of our colleagues, mostly in Hong Kong, will be leaving us”, while listing several new positions in Singapore, including an editor and several reporters.
“At the core of these changes is the creation of a new business, finance and economics group,” she said.
