Scoop: Wall Street Journal plans layoffs, restructuring in D.C.

• The reorganization will also move some Washington-based economics coverage to New York.
• Some of the people whose roles are eliminated will be able to apply for new jobs.
• A spokesperson for WSJ did not comment.

Why it matters: The long-planned restructuring will be announced before the Journal's new Washington coverage chief, Damian Paletta, officially starts next Monday.

• Paletta returns to WSJ after seven years with the Washington Post, where he most recently served as deputy business editor.