New York Times to lay off 100 from newsroom
New York: The New York Times is to slash 100 jobs in its newsroom as the largest and most prestigious newspaper in the US continues to struggle with the drop in advertising and readership that is bedeviling the newspaper business.
The decision was announced in a Monday memo from the paper`s Executive Editor Bill Keller to newsroom staff who will have 45 days to apply for a voluntary buyout package.
The paper slashed a similar number of newsroom jobs in early 2008 in addition to numerous other cuts throughout the company, including a five-percent across the board pay reduction. The company employs 1,250 people in its news department, representing by far the largest newspaper staff in the US.
"In recent years, we`ve managed to avoid the disabling cutbacks that have hit other newsrooms," said Keller. "These latest cuts will still leave us with the largest, strongest and most ambitious editorial staff of any newsroom in the country, if not the world."
More from India
More from World
More from Sports
More from Entertaiment
- Is Samajwadi Party-Congress alliance just a compulsion for Akhilesh Yadav?
- BMC election results 2017: Shiv Sena ahead as single largest party
- UP polls: When fans played spoilsport for SP star campaigner Dimple Yadav
- Have political parties diverted from development agenda in UP elections?
- UP polls: Top 5 highlights of PM Modi's speech in Bahraich
- BMC election 2017 results LIVE: BJP's tally rises to 82 after Atul Shah wins in lottery, Shiv Sena bags 84; CM Fadnavis hails PM Modi's clean governance
- How Kashmiris use children for 'meri jaan Pakistan' type 'freedom struggle' - WATCH
- Maharashtra Civic Poll Results 2017 LIVE: Shiv Sena leads in Mumbai but BJP the big winner
- Solapur Municipal Corporation Elections 2017: Shiv Sena wins, BJP runners-up
- Thane Municipal Corporation Elections 2017 Results LIVE: Shiv Sena set for clear majority, leading in 51 seats, BJP in 17