Wednesday, May 31, 2017
NY Times to trim staff again
The New York Times offered buyouts to its newsroom employees Wednesday. Copy editors and others who assign and shape articles would be replaced by one group responsible for doing all of that without the layers of handling.
If not enough volunteer for the buyouts, then the Times will go to layoffs to reach its staffers reduction goal.
The Times also is eliminating its public editor, who handles reader complaints and questions.
In 2012 the Times had 5,363 employees. A year later, it had 3,529. The newspaper industry lost 3,800 full-time professional employees in 2014.
Advertising revenue for the latest quarter is down 7% for the Times.