Times Will Shed 100 Newsroom Jobs

The struggling New York Times newspaper company has decided that it will trim 100 jobs from its newsroom, a total of 8 percent, by the end of the year, offering buyout packages to both union and nonunion employees. If the New York Times is unable to get employees to leave their jobs voluntarily, though, it will resort to layoffs.
The New York Times has enforced a similar program in spring of 2008 when the company eliminated 100 newsroom jobs through the same processes, but more jobs were created, resulting in a smaller net job loss. While the newspaper did not report …read more