Daily Mirror editor Alison Phillips is to step down from her role at the tabloid by late January on the back of sweeping cuts at parent company Reach PLC (LSE:RCH).
Phillips, who has been in the role of editor-in-chief since 2018, has reportedly accepted voluntary redundancy after Reach announced plans in November to cut around 450 jobs.
“[Phillips was] universally loved and respected by staff for her leadership and kindness,” a source at the Mirror told the Guardian.
“She has ensured the Mirror remains the powerful voice it is for the decent, compassionate people of Britain because she herself is decent and compassionate.”
Reach’s latest cuts come after the company has axed around 800 roles over the past year in a bid to drastically reduce costs as the online and print advertising market has slumped.
Energy costs have added to struggles meanwhile, with Reach saying in the summer that printing costs had risen by around 60% in line with a jump in electricity prices.
Phillips will be replaced by Reach editor-in-chief Caroline Waterston on an interim basis.