NY Times Cuts Hit Business Side First

The New York TimesThe Great New York Times Staffing Cuts of 2014 have begun. Capital New York reports that somewhere between 20 and 25 business staffers have been let go, as Times managers informed them their roles were being eliminated.

On Wednesday, the Times announced that the newsroom was going to lose 100 staffers. If buyout packages are not accepted, layoffs will ensue.

As the New York Post reports, Times staffers must submit a request for a severance package by October 17. They then have until December 1 to decide if they’d like to accept the offer.

If 100 staffers don’t agree to the buyouts, December 2 will be a dark day at the paper.