Headlines
Daily Mirror publisher plans job cuts in biggest ever reorganisation
Published by Global Banking and Finance Review
Posted on September 8, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 8, 2025
2 min readLast updated: January 22, 2026
Reach Plc announces 321 job cuts and 135 new roles in a major restructuring, focusing on multimedia and trialing subscription models.
LONDON (Reuters) -Daily Mirror publisher Reach Plc will shed 321 jobs in a restructuring of the British news group that would also see the creation of 135 new roles, according to an internal memo shared with staff on Monday.
A legacy UK publisher traditionally focused on text, Reach Plc has been increasingly concentrating on multimedia - from podcasts to short video clips - as it adapts to the ways Britons consume news in the era of mobile phones and social media.
The more-than-a-century old company, which has both national and local news titles, also plans to trial subscription models for some titles this year, although its new boss Piers North reassured in July that the "bulk" of its content would still remain free to air.
"Our new structure represents the biggest reorganisation we've ever undertaken, even more than in the early days of the digital revolution," Chief Content Officer David Higgerson said in a statement shared by the company via email. "The changes we are seeing in the landscape right now demand a wholesale change in how we operate and how we tell stories."
Stressing the need to adopt a different way of working "from top to bottom," he added that around 135 new roles would be created, many in the live news network and video teams at the company, which has a catalogue of more than 120 print and online titles.
(Reporting by Muvija M; Editing by Alistair Bell)
Restructuring refers to the process of reorganizing a company's structure or operations to improve efficiency, often involving job cuts or the creation of new roles.
Job cuts refer to the reduction of staff within a company, often due to financial difficulties or organizational changes.
Multimedia news combines various forms of media, such as text, audio, video, and graphics, to deliver news content, catering to diverse audience preferences.
Subscription models are business strategies where customers pay a recurring fee to access a product or service, often used in media and entertainment.
A Chief Content Officer is an executive responsible for overseeing a company's content strategy, including creation, management, and distribution of content.
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