Al-Jazeera to Slash 500 Jobs, Many in Qatar
- 8 years ago
Al-Jazeera said Sunday it is slashing about 500 jobs a little more than two months after announcing the closure of its U.S. offshoot.
The cutbacks come as 2022 World Cup host Qatar refocuses its spending priorities amid a steep drop in prices for oil and gas, the backbone of the OPEC nation's economy.
The Al-Jazeera Media Network described the cuts as part of a "workforce optimization initiative" tied to an evolving media landscape.
The network did not make officials available for comment, but confirmed it currently employs about 4,500 people.
Most of those losing their jobs are based in Qatar.
The cutbacks come as 2022 World Cup host Qatar refocuses its spending priorities amid a steep drop in prices for oil and gas, the backbone of the OPEC nation's economy.
The Al-Jazeera Media Network described the cuts as part of a "workforce optimization initiative" tied to an evolving media landscape.
The network did not make officials available for comment, but confirmed it currently employs about 4,500 people.
Most of those losing their jobs are based in Qatar.