Layoffs at Watson
The news portal Watson is having to cut costs and reduce its workforce. Three people were laid off on Thursday, two positions will not be filled, and the budget is being cut by eight percent. Hansi Voigt is also giving up part of his salary.
Two editors and someone from community management will have to look for a new job. The layoffs will save around 300'000 to 400'000 francs a year. According to Voigt, around 65 people will still be working at Watson after the cost-cutting measures. This corresponds to around 55 full-time positions. Voigt's main message is: Because revenues increased less than expected, the business plan has to be adjusted. In principle, however, the company is doing quite well and can offer its employees prospects.
Costs are also to be optimized in the IT area. In addition, according to Voigt, the members of the management and editorial board will forego part of their salaries: punishment for not achieving goals is necessary. Wanner, the publisher from Aargau, remains firmly convinced of Watson's success, despite having pushed for the cost-cutting program. The break-even point had been postponed by about one and a half years to 2017. (SDA)
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