Jan 30, 2024 - Business

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

Image of a smartphone displaying the Wall Street Journal logo

Photo Illustration: Sheldon Cooper/SOPA Images/LightRocket via Getty Images

The Wall Street Journal is planning to restructure its Washington bureau this week, sources told Axios.

Details: The changes will include a small number of layoffs as well as some new roles, the sources said.

  • 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.
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