Telegraph may cut up to 100 jobs, Guardian reports

The Telegraph may cut up to 100 jobs, The Guardian reported, after its new German owner Axel Springer began a formal consultation on proposed changes at the British newspaper group.

Carolin Hulshoff Pol, chief executive of Telegraph Media Group since June, told staff Friday that the company needed to “create efficiencies” to meet the new owner's goals.

“Our ambition is to transform The Telegraph from a leading British newspaper into a global, AI-powered premium media and intelligence business,” she said in an email to staff.

The Guardian reported that up to 100 employees were expected to lose their jobs, citing newsroom insiders. Bloomberg News also reported that redundancies were planned, without giving a number.

A Telegraph Media Group spokeswoman shared Hulshoff Pol's email but did not provide details on redundancy plans.

Axel Springer announced in April that it would pay £575 million, or $769 million, for The Telegraph's print and online versions after the UK government said it would not block the deal on competition and foreign-ownership grounds.