This is not going to be a good day for many New York Times staffers. The paper plans to cut a whopping 100 people from its newsroom. The last time the Times let go of this many people was in 2009.
The reduction in staff is — of course — a cost-cutting move. “The job losses are necessary to control our costs and to allow us to continue to invest in the digital future of The New York Times, but we know that they will be painful both for the individuals affected and for their colleagues,” read a note from Times publisher Arthur Sulzberger and CEO Mark Thompson.
The Times plans to offer buyouts to staffers, but will resort to layoffs if enough people don’t accept the deals.
In related news, the Times is shuttering its NYT Opinion app that launched just five months ago. At the time, we said it didn’t seem like enough people would be interested in the app, and (unfortunately) we were right. The Times said NYT Opinion was not popular enough to continue.
We’ll keep you updated on the Times newsroom cuts as they happen. To those impacted by the move, have a beer or five at lunch today.