The Newspaper Business is Always Tough

The NY Times cut more than 100 in 2014. It did the same in 2005

FishbowlNY_10-yearsAs we continue to celebrate FishbowlNY’s 10 year anniversary, we were struck by how often history repeats itself. In May of 2005, we reported that the The New York Times was planning a “targeted staff reduction plan” that would lead to about 130 staffers losing their jobs.

Bill Keller, the Times’ executive editor back then, wrote in a memo that if not enough people volunteered for buyout packages, layoffs would be necessary. Sound familiar? Well that’s because the same thing just happened a few months ago.

In October of last year, we reported that the Times needed to cut at least 100 staffers. Times publisher Arthur Sulzberger sent a memo that stated “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.”

We then pointed out that “The Times plans to offer buyouts to staffers, but will resort to layoffs if enough people don’t accept the deals.”

As the great Rust Cohle once said, time is a flat circle.

Publish date: January 14, 2015 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT