The Evening Standard are to cut a third of their workforce with around 115 jobs to be lost, after circulation and advertising were impacted by coronavirus.
In a cost cutting move the newspaper said they will now focus on “digital and mobile offering,” as part of their restructuring, which will include live events for business.
Chief executive Charles Yardley said, “The proposed restructuring at the Evening Standard comes at a challenging time for the industry, which has been accentuated by the pandemic.
“However, there remains a huge opportunity for the company, moving from London’s leading newspaper to London’s leading media platform, delivering the best content and services to our readers and our customers across multiple channels, whilst also launching new products and experiences.”
Chairman John Paton said, “The Evening Standard has served London for nearly two centuries and is accustomed to evolving with our great city and Londoners.
“This is the next phase of the company’s evolution and as we develop new channels and services, the focus will remain on delivering quality journalism, informing and engaging our readers and with our digital offerings bringing the best of London to the world.”