The New York Times
The New York Times said Monday it plans to shed 100 jobs from its 1,250-person newsroom by the end of the year, reflecting the continuing financial pressures on the newspaper company.
The Times said it hopes to achieve the cuts through buyouts but will resort to layoffs if it can’t get enough volunteers. The buyout offer, disclosed to Times employees in a memo from Executive Editor Bill Keller, will be made to both union and non-union employees. The Times will mail the offers to everyone in the global “newsroom” on Thursday, the same day New York Times Co. reports third-quarter earnings.
Though most newsrooms have undergone hefty cost cuts in recent years, the Times has cut less than most, and has tried to find savings and eliminate jobs outside its newsroom. “It is a differentiating factor for the Times,” Chief Executive Janet Robinson said in a recent interview. “We recognize that, and we protect it.”
As newspaper advertising has fallen off, forcing a number of publishers into bankruptcy proceedings, Times Co. has explored a series of cost-cutting measures. More…