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NYT to Cut 100 Newsroom Jobs, Shutter NYT Opinion (FishbowlNY)
Wednesday was not a good day for many New York Times staffers. The paper cut a whopping 100 people from its newsroom. The last time the Times let go of this many people was in 2009. NYT Arthur Sulzberger Jr., the newspaper’s publisher, and Mark Thompson, its chief executive, said that in addition to the job cuts, NYT Opinion, a new mobile app dedicated to opinion content, was shutting down because it was not attracting enough subscribers. HuffPost The Times said it would seek to eliminate roughly 100 jobs in the newsroom through either buyouts or layoffs. Additional reductions are expected in the editorial and business departments. The cuts have been widely expected for weeks. The paper’s own report on the changes noted that the newsroom will lose around 7.5 percent of its employees. That still leaves it with one of the biggest in the industry. Politico / Dylan Byers on Media The Times has already eliminated at least 230 newsroom positions since 2008, even as it continues to staff up on the digital and development side. The new cutbacks should leave the Times with roughly 1,200 newsroom staff. New York Post The cuts appear aimed at getting more senior staffers to exit. Employees covered by the Newspaper Guild will receive three weeks of salary for each year worked, capped at a maximum of two times annual salary, according to Baquet’s memo. In addition, the Times is offering a cash payout of 35 percent of total severance to staffers who have been at the company 20 years or more.