Al Jazeera cuts 500 jobs as oil pinch widens

The Qatar-based Al Jazeera broadcaster says it is showing the door to about 500 employees as the financial pinch from the oil price slump weighs on regional Arab producers.

The reduction would affect posts worldwide but up to 60 percent of the cuts or 300 positions would be made at the network’s Doha base, acting director general Mostefa Souag said on Sunday.