Breaking: NYT To Eliminate 100 Jobs
The New York Times will cut 100 newsroom jobs by year’s end, or about 8 percent of the total, by offering buyouts—and resorting to layoffs if not enough employees sign up for the offer, Richard Perez-Pena of the Times’ Media Decoder blog reports.
The paper will then have about 1,250 journalists in the newsroom; no other American paper has more than about 750, Perez-Pena notes.
If the paper needs to lay off any journalists to reach its 100-employee-reduction goal, it will only be the second time in memory that that has happened; the first time being in the spring of 2008 when about 15-20 journalists lost their jobs.
The paper has also imposed a 5 percent pay cut on employees and cut freelance budgets.
The
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