NEW YORK The New York Times Co. today unveiled a major staff reduction plan that includes the loss of some 160 positions at the New England Media Group, which runs The Boston Globe daily newspaper.
In addition, about 250 positions will be terminated at the New York Times Media Group, which manages the flagship New York Times.
"This represents a continuation of the initiatives the company began earlier this year to find ways to operate more efficiently," the firm said in a statement. "As a result of these efforts, the company identified areas where it could function effectively with fewer people. Earlier this year the company reduced its staff by approximately 200 positions, or about 2 percent."
A memo to staffers from Arthur O. Sulzberger Jr., chairman of The New York Times Co., and Janet Robinson, the CEO, read, in part, "The company expects to begin the reductions in October and complete it over the next six to nine months. Given the continued financial challenges and the cloudy economic outlook for the remainder of the year, we believe it is prudent and necessary to initiate this additional reduction. We will be working through the bargaining issues with our unions and will observe all contractual obligations, including severance where applicable."
The memo went on to say: "The company plans to manage the staff reductions in such a way that we continue to provide our readers, users, listeners and viewers with journalism of the highest quality and that our operations function smoothly on a day-to-day basis. This will help ensure that we achieve our long-term strategic goals."
—Editor and Publisher staff report