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AFP announces cost-saving plan due to revenue shortfall

Editor and Publisher · last updated

Staff | Agence France-Presse

PARIS (AFP) — AFP news agency’s chief executive Fabrice Fries on Friday announced plans to save 12-14 million euros ($13.8-16.1 million) by the end of 2026 due to declining revenues.

Speaking in a video available to staff online, Fries said the agency would launch an immediate cost-savings plan to cut around 2 million euros by the end of 2025.

“But it’s really 2026 we need to prepare for, and here the bar will be much higher. We estimate that we will need to find between 10 and 12 million euros in savings,” he added.

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