paidContent.org - Updated: FT To Do Some Buyouts; Salary Freeze; The Memo

-- We are offering a volundary reduction in your working week to 3 or 4 days (again, where departments can accommodate this).

-- We will tighten up on recruitment. There will not be a recruitment freeze, since we want to continue to attract the best talent. But we will be rigorous in managing headcount, with approval required for new hires from me and Scott Henderson.

-- Travel and entertainment will be limited to essential revenue-generating or editorial trips and meetings.

These measures are in no way a reflection of your excellent work and effort, which is demonstrated by our strong performance against the competition. Rather, they are a result of this unusually severe economic downturn and our determination to sustain the competitive edge we have established ? from the quality of our journalism to increased commercial market share and product innovations.

We will seek to limit the impact on jobs, and these measures will help. But we will need to continue to review the size and shape of our operations as we manage through this unprecedented economic environment and as we continue to adapt to the challenges and opportunities of digital media.

If you have any questions, please feel free to e-mail me or speak to your manager. Detailed questions on the pay policy, working hours and voluntary redundancy can be directed to Kim Brosnan or your HR manager.

I realise these are challenging times and thank you for your commitment, support and understanding.

Best wishes,

John

Photo Credit: barrio dude

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