The Forward, a Jewish-American news publication based in New York, will end its print edition and lay off 40 percent of its staff, according to the New York Post.

The Forward, which has been printed for the past 121 years, will now shift to an online-only product that will feature English and Yiddish editions.

Publisher and CEO Rachel Fishman Feddersen told the Post that the publication is "taking the next step in making our brand more relevant to our readers and more connected to their lives."

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“We are announcing that this spring The Forward will complete its evolution from what was once a print-focused publisher to become a digitally focused publication," Feddersen added.

Those who will be laid off include editor-in-chief Jane Eisner, executive editor Dan Friedman, digital director David Goldiner and design director Kurt Hoffman, according to the Post. The Forward's masthead features 21 editorial staffers and another 20 contributing editors.

One source told the Post that the cuts are being implemented because "the revenue is not really there."

“They’ve been losing money for years but lately the losses have been more than $5 million a year," the source added.