The Guardian will announce a raft of job cuts to its London office this week (25 January), The Times has reported.
Parent company Guardian Media Group is reportedly facing increasing losses, rising from £45m to nearly £50m in the year to March 31.
Citing unnamed sources, The Times states that the publisher’s new editor Kath Viner chief executive David Pemsel could cut some 100 or more jobs in an effort to claw back £50m in costs over the next three years.
Under rules set out by the Scott Trust – the body which ensures the financial and editorial independent of the Guardian – the paper is not allowed to make compulsory redundancies, but such is the situation that if it does not get enough volunteers then it may have to overlook the rule.
Under the leadership of previous editor Alan Rusbridger, more than 70 editorial jobs were axed in 2012 to offset a pre-tax loss of £75.6m.