WSJ cuts jobs and closes some bureaus

New York

DOW Jones, the parent company of The Wall Street Journal, began a sweeping round of job cuts on Thursday, including eliminating entire teams of reporters and closing international bureaus.

In a memo to the staff on Thursday, The Journal's editor-in-chief, Gerard Baker, said that the company was trying to transform to a more digital operation. "This process inevitably requires us to discontinue some of our activities as we invest more in others," he said.