'The Daily' Lays Off 30% of Staff, Switches to Vertical-Only Design to Cut Costs
Employees who produce the paper’s editorial page and sports coverage will be heavily hit by the layoffs, and the Daily will run skeletal versions of those sections from now on. But the cuts will affect other parts of the Daily, including its design and production staff.Earlier this month, it was reported that The Daily had been put "on watch" and that the iPad newspaper was losing tens of millions of dollars a year.
But people familiar with the paper’s plans say it isn’t changing other parts of its strategy, including a recent move to produce a weekend edition.
Pricing for the iPad version of The Daily is currently set at $0.99 per week or $39.99 per year via In App Subscription, with the iPhone version being offered at roughly half-price on monthly and yearly subscriptions.