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New York Times (NYT) Firing Journalists
via Silicon Alley Insider by Henry Blodget on February 13, 2008
They tried, but reality has finally set in:
After years of resisting the newsroom cuts that have hit most of theindustry, The New York Times will bow to growing financial strain andeliminate 100 newsroom jobs this year, the executive editor saidThursday.
The cuts will be achieved primarily throughattrition and buyouts, but layoffs are a real possibility, said theexecutive editor, Bill Keller.
The Times has 1,332 newsroomemployees, the largest number in its history; no other Americannewspaper has more than about 900. There have been scattered buyoutsand job eliminations in The Times' newsroom in recent years, but theoverall number continued to rise, largely due to the growth of itsInternet operations.
That's about a 7% newsroom reduction, which should hold the paper for a while (six months anyway). Some good news: We're hiring!
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