Financial Times To Deploy Digital-First Strategy

The Financial Times editor, Lionel Barber, has announced plans to move the title to a digital-first strategy in a move he described as a "big cultural shift" for the business daily, and cut 35 jobs. Barber said the FT will make a net headcount reduction of 25 – after hiring 10 journalists for digital roles – in an effort to save £1.6m this year as part of the strategy, outlined to staff in a memo on Monday, seen by MediaGuardian. He added that the FT needed to be "reshaped for the digital age".

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