New York Times to Cut 100 Jobs, Shutter Opinion App
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New York Times Co. plans to cut jobs across the company, including about 100 positions in the newsroom, to help boost long-term profitability as digital businesses have struggled to make up for the declines in print.
The publisher disclosed plans for the buyouts and layoffs in a regulatory filing Wednesday, saying the reductions “are necessary to control our costs and to allow us to continue to invest in the digital future of The New York Times.”
In a memo to the newsroom, Executive Editor Dean Baquet said there will be forced layoffs if 100 newsroom jobs can’t be eliminated through voluntary buyouts. In a story on its website, the Times reported that it amounts to about 7.5% of the newsroom staff. A smaller number of positions will be reduced on the business side, according to Eileen Murphy, a spokeswoman for the company.
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