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In a sign of the persistent challenges facing the newspaper industry, the New York Times is planning to make deep cuts in its newsroom staff, executives announced Wednesday.
The Times said it would seek to eliminate roughly 100 jobs in the newsroom, through either buyouts or layoffs. Additional reductions are expected in the editorial and business departments.
The cuts have been widely expected for weeks.
The paper's own report on the changes noted that the newsroom will lose roughly 7.5 percent of its employees.
In a note to staffers, editor Dean Baquet said that the cuts were needed to keep the Times viable in a digital age. He said that the paper's recent attempts to broaden its digital business, such as the NYT Now and NYT Opinion apps, were 'not achieving the business success we expected.' (The opinion app will be shut down, the Times said.)
'I will use this as an opportunity to seriously reconsider some of what we do - from the number of sections we produce to the amount we spend on freelance content,' Baquet said.
The Times has made staff cuts several times over the past decade.
Posted by Unknown on Wednesday, October 1, 2014 - Rating: 4.5
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