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New York Times To Cut Another 100 News Staff Jobs
New York, NY (AHN) – The New York Times will cut its newsroom by another 100 jobs, the newspaper announced Monday.
Buyouts will be offered to all union and non-union employees. Layoffs will be instituted if not enough people respond to the buyout.
The planned cuts represent 8 percent of the 1,250-person newsroom. An earlier round of buyouts and layoffs in the spring of 2008 eliminated about 100 positions.
Other staff reductions are planned in the editorial and op-ed sections of the newsroom, as well as in the business side of the paper, executive editor Bill Keller said in a memo to newsroom staff obtained by the New York Observer.
“I won’t promise this will be easy or painless,” Keller said, “but I believe we can weather these cuts without seriously compromising our commitment to coverage of the region, the country and the world. We will remain the single best news organization on earth.”
Earlier this year, employees took a 5 percent pay cut in an attempt to forestall further personnel cuts.
The announcement comes less than a week after the Times said it cancelled the sale of the Boston Globe, which is owned by the Times, after receiving bids considered insufficient. The Globe is projected to lose up to $85 million by the end of the year.
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