Hasta La Creative!

The Wall Street Journal is restructuring its workforce, laying off dozens of staffers, shuttering overseas bureaus and reducing some of its coverage areas as part of “a further radical upgrade in our digital capabilities,” Journal Editor-in-Chief Gerry Baker said in a note to staff today.

So today I am announcing a number of closures. The burden of these reductions is shared worldwide. Overseas, we will be closing the Bahasa Indonesia website and a number of our bureaus in Europe and Asia will be reduced in size. The bureaus in Prague and Helsinki will be closed. We will reduce significantly the amount of output we do that generates relatively little traffic or subscribers. That means a sharp reduction in the number of non-core blogs we do. In New York, we will be eliminating the small business group and the NY-based economics team to consolidate our US economics coverage in Washington DC. We will be scaling back significantly our personal finance team, though we will continue to provide high quality reporting and commentary on topics of personal financial interest to our readers.

Fewer than 30 people are being laid off today, according to a report in Capital New York, with more to come. All told, fewer than 100 people will be cut, the Capital New York report said.

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