The American news agency Associated Press (AP) will lay off eight percent of its employees. In this way, they are trying to adapt to the rapid changes in the media market, which caused a decrease in income. The cuts will affect news workers as well as those who work in the sales department. Referring to the company’s message to employees, the American media informs about it.
AP said the changes are part of a plan to meet the “evolving needs of our customers.” “It’s about securing the AP’s important role as the only truly independent news organization at scale in a time of media industry transformation,” the agency said.
The Associated Press was founded in 1846 as a news cooperative. It says on its website that it has journalists in nearly 100 countries and all 50 US states. But in the last year it has come under financial pressure as some news organizations have abandoned it.
Like other traditional news organizations, the Associated Press has chosen to rely on philanthropy for declining revenue. In June, she announced that she was establishing a non-profit organization that would raise money for her operation.
The AP was also one of the first news organizations to sign on with OpenAI. Last year, it licensed part of its news article archive to chatbot maker ChatGPT, setting a precedent for similar partnerships, Reuters noted.
Source: www.tyden.cz
