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.

He listed challenges that the company faces and outlined its strategy in the memo, which had the subject line "The Next Steps". Job cuts are mentioned for the…