Dow Jones, a division of News Corp that includes the financial news outlets the Wall Street Journal, Barron's and MarketWatch, plans to lay off a number of employees on Wednesday, according to IAPE, the union representing unionized Dow Jones employees.
In a statement to Reuters, a Dow Jones spokesperson said that "several teams have partially reorganized to align with our priorities and position us for further growth" and "certain positions have been eliminated."
The layoffs appear to be global, with employees outside the United States also receiving invitations to layoff meetings, IAPE wrote.
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