The Observer newspaper has offered voluntary redundancy to its entire workforce as the title undergoes a major strategic reset under new ownership, according to reports.
All 140 employees at the Sunday newspaper are said to have been presented with redundancy terms, with the potential for compulsory cuts if uptake is insufficient.
As reported by The Telegraph and more, the move marks a significant moment for the world’s oldest Sunday newspaper, signalling a broad restructuring less than a year after its sale by The Guardian to media start-up Tortoise Media.
The redundancy offer mirrors a previous scheme introduced ahead of the takeover, when around a third of the paper’s 70 journalists opted either to leave or move to roles within The Guardian rather than transition to the new ownership structure.
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