The publisher of the Guardian has announced more cuts as the company bids to break even.
Staff were today informed that Guardian News and Media would be closing three “professional network” divisions: Small Business, Sustainable Business and Global Development.
In their place, the group is planning to launch a new business-to-business division.
Read more: The Guardian is going tabloid
The announcement, which comes a day after the group confirmed it would be taking the Guardian and Observer newspapers to a tabloid format, puts 16 jobs at risk of redundancy.
A spokesman said:
As part of its ongoing three year business plan the Guardian will create a new business-to-business section led by Guardian Labs, and wind down three professional networks. The Global Development network will become part of the main editorial section, and the Sustainable Business and Small Business networks will be reimagined as part of the new section.
In March, staff across the group were warned that redundancies would be made this year, following on from hundreds of job losses last year.