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THE Guardian is to axe 180 editorial and commercial jobs as it struggles to cope with the economic fall-out from the coronavirus crisis.
The Guardian Media Group revealed this week that it expects a revenue drop of £25 million on the year’s budget.
In a message to staff, Guardian editor-in-chief Katharine Viner and chief executive Annette Thomas said that cost-cutting measures taken in recent months were not enough to offset “unsustainable annual losses.”
Of the 180 jobs expected to be cut, 110 would be from advertising, marketing and events roles, while 70 would come from editorial.
The move was announced alongside publication of the group’s 2019-20 results, which showed a slight dip in revenue to £223.5m before March’s lockdown.
It also revealed that a 5 per cent pay rise for Ms Viner took her salary for the last financial year to £391,000, while outgoing chief executive David Pemsel, who left in December, received a £184,275 pay-off.
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