The daily publication is reportedly set to cut 100 newsroom jobs.
Washington (WiredPRNews.com) – The New York Times will reportedly cut several jobs in their newsroom by the year’s end. As reported by Reuters, the daily publication is set to cut its newsroom staff by 100 positions for the second time since 2008.
Executive Editor of the news source, Bill Keller, is quoted by Reuters as stating in a memo to employees, “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… 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. But I accept that if it’s going to happen, it should be done quickly. We will get through this and move on.”
As noted in the report, many top news publications have been forced to make significant cost reductions due to declines in advertising and sales.
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