Business · Companies · 1 hr ago
Axel Springer plans about 100 job cuts at the Telegraph
Axel Springer is cutting about 100 jobs at the Telegraph, the British newspaper group it bought in June.
The German publisher paid £575 million for the company after three years of uncertainty over its ownership.
The new owner wants to turn the Telegraph into an AI-powered global media business, while expanding its audience beyond Britain.
Plans include new revenue from video, audio, events, licensing and commerce, and more coverage of foreign affairs, defence and business.
The restructuring will combine some editorial teams, including comment and analysis, and features and lifestyle.
Axel Springer says the changes are needed to help the business adapt and invest, and a formal consultation process is now under way.
Axel Springer’s takeover of Telegraph Media Group has been followed by a round of job cuts and a formal consultation on the company’s future.
About 100 people are understood to have lost their jobs, according to the Guardian; The National did not state a number.
Chief executive Carolin Hulshoff Pol said the company plans to become a global, AI-powered premium media and intelligence business.
The plans include developing new revenue streams and expanding the audience internationally.
- Who
- Telegraph Media Group staff are affected by the cuts. The company is owned by Axel Springer.
- What
- The company announced job cuts and began a formal consultation on a reorganisation.
- When
- Staff were notified on Friday, October 23, 2026; some were told on Thursday.
- Where
- Telegraph Media Group, a British newspaper publisher based in the United Kingdom.
- Why
- The company said the changes are needed to adapt, create efficiencies and support its future business plans.
This story does not have two clearly opposing sides.
RedBird IMI acquired the Telegraph titles and The Spectator magazine.
The National reported that Axel Springer completed the purchase by acquiring a call option held by RedBird IMI.
The Guardian reported that Axel Springer bought the Telegraph for £575 million.
Some Telegraph staff were told they were being fired.
Staff were notified of the cuts and the company began a formal consultation.
- Estimated job losses
- About 100, according to the Guardian
- Purchase price
- £575 million
- New owner
- Axel Springer
- Chief executive
- Carolin Hulshoff Pol
- Planned business direction
- Global, AI-powered premium media and intelligence business
3 sources
What people are saying
Our ambition is to transform the Telegraph from a leading British newspaper into a global, AI-powered premium media and intelligence business – built on trusted journalism, direct relationships with our audiences and expertise that sets us apart.
These are difficult choices that we believe are necessary for the future of the business.
We will look to develop new revenue streams, and we will look to expand into overseas markets.