Memo: Layoffs expected at the NY Times
Posted by Bill Gaffney | April 17th, 2008
Image via Wikipedia
The New York Observer is reporting that The New York Times sent a memo out this week from the paper’s assistant managing editor, Bill Schmidt, which states that layoffs should be expected as the voluntary buyout target has not been reached. This will be the first time the paper will be forced to cut the newsroom through layoffs.
An excerpt from the memo:
The window for those voluntary buyouts closes officially next week — on Monday, April 21, for excluded members of the staff, and on that day and the next (Tuesday, April 22), for Guild applicants.
While we will not know the hard count until that time, every effort to handicap the outcome suggests that we are almost certain to fall short of the number of volunteers we will need. If that is indeed the case, as we expect it will be, we will — regrettably — be forced resort to some limited number of layoffs within the core newsroom.
I first saw the report on:
Fading to Black: A look at the downward spiral of the newspaper industry in the 21st century. Because no news is bad news.
Image via Wikipedia
The New York Observer is reporting that The New York Times sent a memo out this week from the paper’s assistant managing editor, Bill Schmidt, which states that layoffs should be expected as the voluntary buyout target has not been reached. This will be the first time the paper will be forced to cut the newsroom through layoffs.
An excerpt from the memo:
The window for those voluntary buyouts closes officially next week — on Monday, April 21, for excluded members of the staff, and on that day and the next (Tuesday, April 22), for Guild applicants.
While we will not know the hard count until that time, every effort to handicap the outcome suggests that we are almost certain to fall short of the number of volunteers we will need. If that is indeed the case, as we expect it will be, we will — regrettably — be forced resort to some limited number of layoffs within the core newsroom.
I first saw the report on:
Fading to Black: A look at the downward spiral of the newspaper industry in the 21st century. Because no news is bad news.
















