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Market
Will AP's revenue increase in 2025 compared to 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
AP's annual financial report or credible financial news sources
Story
AP to Cut 8% of Staff, Adapting Post-Election
Nov 18, 2024, 04:15 PM
The Associated Press (AP), a non-profit news agency, announced plans to reduce its workforce by 8% through a combination of voluntary buyouts and layoffs. This decision comes as part of the AP's strategy to adapt to the evolving media landscape and the changing needs of its customers. The AP News Guild reported that 121 employees, representing 8% of the staff, received buyout offers. The organization aims to avoid layoffs by offering these buyouts, focusing on bureaus and administrative staff. The AP's move follows a period of significant coverage during the recent election cycle, where it played a key role in calling races across the U.S.
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