Wall Street Journal moves Asia HQ from Hong Kong to Singapore, resulting in layoffs

WASHINGTON: The Wall Avenue Journal (WSJ) will shift its Asia headquarters from Hong Kong to Singapore, it acknowledged on Thursday (Could perhaps also merely 2) in a letter sent to employees and viewed by AFP.

The US newspaper acknowledged its resolution comes after other foreign corporations beget reconsidered their operations in Chinese financial hub Hong Kong.

WSJ editor-in-chief Emma Tucker acknowledged in a letter to employees that the shift would furthermore involve an unspecified quantity of layoffs.

Announcing changes to the WSJ’s Asia operations, Tucker wrote: “A majority of these changes are structural: We’re bringing together our industrial, finance and economics coverage. Some are geographic: We’re transferring our center of gravity in the scrape from Hong Kong to Singapore, as many of the companies we duvet beget accomplished.”

On the staff changes, she added: “Which means that, about a of our colleagues, basically in Hong Kong, would possibly perhaps be leaving us. It is refined to claim goodbye, and I want to thank them for the contributions they’ve made to the Journal.”

The union for WSJ employees, IAPE, acknowledged in a assertion that it used to be “sorry to learn that eight reporters from the Hong Kong and Singapore workplaces beget been laid off from the corporate”.

Some place else in the scrape, the WSJ furthermore has bureaus in Tokyo, Original Delhi, Hong Kong, Beijing, Seoul, Taiwan and Sydney.

Tucker acknowledged a recent industrial, finance and economics neighborhood would be created with a mandate to “destroy news and write ambitious and distinctive options, evaluation and endeavor”.

She furthermore acknowledged the WSJ used to be attempting to appoint an editor to lead the neighborhood, with the enviornment essentially based in Singapore, alongside masses of different journalist roles in Singapore and Hong Kong.

Tucker used to be named the first female editor of the Original York-essentially based newspaper in December 2022, starting in the aim in February 2023.