According to WWD, The Wall Street Journal is closing its fashion and retail group, and
will reduce the number of staffers from nine to five. The
Journal will keep columnist Christina Binkley and editor Lisa Bannon,
but seven others have been laid off and asked to reapply for three
remaining positions in the group, in accordance with union rules. (So
far, the Journal’s luxury magazine, WSJ., has not been
affected, a spokesman said.)
The group, which was assembled in 2006 to expand the paper’s coverage of the luxury boom, includes 23-year Journal veteran Teri Agins, Cheryl Lu-Lien Tan, and Rachel Dodes.
In a staff memo Thursday, managing editor Robert Thompson
said a total of 14 positions had been cut, in addition to the 11 jobs
eliminated when the newsroom was restructured. The other affected
groups were bureaus in Los Angeles and Boston, as well as several New
York-based coverage areas.
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40