The owner of the Daily Mirror, Daily Express and Daily Star newspapers is to axe 550 jobs amid falling print sales and advertising income.
Reach, which also publishes regional titles across the UK, announced on Tuesday it would reduce its workforce by 12 per cent in a bid to cut costs by £35m.
The group did not give details of where the job losses would fall but said it wanted to become a “streamlined, efficient organisation” with “more focused” editorial, advertising
Royal Mail is to cut 2,000 management jobs as it struggles to deal with the effects of the coronavirus crisis.
The cuts, about a fifth of the company’s management roles, aim to save about £130m in costs from next year.
Royal Mail said the pandemic accelerated the trend of more parcels and fewer letters being sent, and it had not adapted quickly enough to that.
The company’s challenges have included former boss Rico Back making a surprise exit from the business in May.
The job losses will hit senior roles hardest, with half of them set to go, and will