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(From Reuters) The New York Times said on Monday it would cut 100 newsroom jobs through buyouts or layoffs as it tries to counter lost advertising revenue. “Let me cut to the chase: We have been told to reduce the newsroom by 100 positions between now and the end of the year.” Times Executive Editor Bill Keller told employees in a memo obtained by Reuters.
This is the second time in little more than a year that the Times has sought to reduce its newsroom staff. In 2008, the newspaper cut 100 newsroom jobs.
Earlier this year, it cut salaries by 5 percent.
“When we took our 5 percent pay cuts, it was in the hope that this would fend off the need for more staff cuts this year,” Keller wrote in the memo. “But I accept that if it’s going to happen, it should be done quickly. We will get through this and move on.”
The newspaper has 1,250 editorial employees, down from 1,330, the Times reported on its website. It said no other U.S. newspaper has more than about 750 journalists.
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