Could More Layoffs Be Looming At The New York Times?

It’s just a rumor for now, but The New York Times is certainly covering their asses when CFO James Follo told reporters on Wednesday that “we would expect that to be the case” in response to questions about 2010 layoffs. This less-than-stellar news came during the conference call that followed the last quarter earnings announcement on Wednesday, when it was revealed that the NYT had indeed managed to make a slight profit in 2009, despite declining ad sales. Whether or not the departments affected by these probable layoffs include the newsroom (which was already hit hard last year) has not been determined. We say: definitely cut the kitchen staff first.

Read More: More Layoffs at the New York Times Co.? — The Wrap

Previously: New York Times Presents Quarter Earnings for 2009, New York Times Hits Upon New Plan to Shed Employees, Memo: Times To Layoff 100 Newsroom Staffers

Recommended articles