Twitter plans to cut about 300 more jobs: Bloomberg
Twitter Inc may cut 8 percent of its workforce or about 300 people, Bloomberg reported on Monday, citing people it said were familiar with the matter.
NEW YORK New York Times Co publisher Arthur Sulzberger Jr. on Saturday denied the ouster of top editor Jill Abramson was due to gender bias and listed ways in which she was a bad manager.
Sulzberger issued a statement that identified a pattern of behavior including "arbitrary decision-making, a failure to consult and bring colleagues with her, inadequate communication and the public mistreatment of colleagues" as reasons for the firing.
Abramson, the Times' first woman executive editor, was abruptly ousted on Wednesday in a decision that sparked a firestorm of commentary on women managers in the workplace. There was media speculation that her firing was linked to gender issues, including her reported complaint that she was not as well compensated as her male predecessor.
He denounced these as "persistent but incorrect reports."
Sulzberger said that "the saddest outcome" of his decision to remove Abramson was that it "has been cast by many as an example of the unequal treatment of women in the workplace." Instead, he said it was "a situation involving a specific individual who, as we all do, has strengths and weaknesses."
The New Yorker reported earlier this week that Abramson had confronted Times' executives after she discovered her pay and pension benefits were less than those of Bill Keller, whom she succeeded, citing an unidentified close associate of Abramson.(New Yorker: nyr.kr/1mYSQG6)
"This is untrue," Sulzberger said, adding that Abramson's package was more than 10 percent higher that his in her last year as editor.
Sulzberger said "she had lost the support of her masthead colleagues and could not win it back," according to the Times.
He said he has spoken to the Times news staff and that they understood the decision and why he made it.
Managing Editor Dean Baquet, 57, a Pulitzer prize-winning reporter and former editor of the Los Angeles Times, became the paper's first African-American editor.
The shakeup is the latest sign of turmoil at the New York Times, which is controlled by the Ochs-Sulzberger family. It has been selling assets, cutting staff and looking for new revenue sources as print advertising revenue declines.
(Reporting by Doina Chiacu in Washington and Jennifer Saba in New York; Editing by Lisa Shumaker)
SYDNEY Japanese shares hit a six-month top on Tuesday as the dollar advanced on the yen, while risk sentiment got a lift after factory surveys in the United States and Europe boasted the best readings of the year so far.
BEIJING Chinese state-owned chemicals company ChemChina is ready to offer more concessions to win European Union anti-trust approval for its $43 billion bid for Swiss pesticide and seed group Syngenta AG , a source with direct knowledge of the process said.