Death of News Industry: 100 People let go at New York Times

New York the basition of “great journalism” is laying off 100 newsroom staff in a memo by New York Times Editor in Chief Bill Keller, the cut will affect both unionized and non-union workers.  The paper offer buyouts to the employees.

If the paper cannot reach the 8 percent in total job cut the paper will institute layoffs. Keller in a said in a statement, “As before, if we do not reach 100 positions through buyouts, we will be forced to go to layoffs. I hope that won’t happen, but it might.”

I won’t pretend that these staff cuts will not add to the burdens of journalists whose responsibilities have grown faster than their compensation,” he wrote, adding, “Like you, I yearn for the day when we can do our jobs without looking over our shoulders for economic thunderstorms.”

The New York Times has  currently has 1250. The average major American Newspaper has only 750. The paper had hits it peak at 1300. Before today announcement, the last round of cuts was back last spring(2008).

New York Times

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