EyeQ Tech review EyeQ Tech EyeQ Tech tuyển dụng review công ty eyeq tech eyeq tech giờ ra sao EyeQ Tech review EyeQ Tech EyeQ Tech tuyển dụng crab meat crab meat crab meat importing crabs live crabs export mud crabs vietnamese crab exporter vietnamese crabs vietnamese seafood vietnamese seafood export vietnams crab vietnams crab vietnams export vietnams export

Breaking News

Trump announces picks for FDA, CDC, HUD, and surgeon general
Business

Paper cuts, again

By
Keith J. Kelly
Published Oct. 20, 2009, 4:00 a.m. ET

The New York Times plans to chop another 100 journalists from its newsroom by year’s end, through buyouts and — if necessary — layoffs.

Executive Editor Bill Keller broke the news in a staff memo, because of a bout with the flu.

“I won’t pretend that these staff cuts will not add to the burdens of journalists whose responsibilities have grown faster than their compensation,” Keller wrote in the memo.

“Like you, I yearn for the day when we do our jobs without looking over our shoulders for economic thunderstorms,” he said.

According to reports, the latest cutbacks represent 8 percent of the newsroom workforce of 1,250.

The news staff peaked at 1,330 before the spring, when the company undertook its first-ever mass firing of journalists after it failed to find 100 willing to accept buyouts.

“As before, if we do not reach 100 positions through buyouts, we will be forced to go to layoffs,” said Keller in his memo. “I hope that won’t happen, but it might.”

The Times never disclosed how many people were laid off in the last round of cuts, but yesterday’s reports said that 15 to 20 people had been forced to leave.

Keller’s memo implied that there could also be reductions in the future for other parts of the organization.

“Our colleagues in editorial and op-ed, and on the business side, also face another round of budget cuts,” it said.

The newspaper said it will offer buyout packages to the entire newsroom on Thursday and give employees 45 days to decide whether they want to apply.

In the spring, as part of a string of money-saving measures, the company imposed a 5 percent pay cut on management and nonunion employees.

To avoid the loss of 80 jobs, the Newspaper Guild also agreed to a temporary 5 percent pay cut for union workers, which is set to expire at the end of 2009.

Times publisher Arthur Sulbzberger Jr., said at a recent town hall meeting that he intended to restore full salaries to union members.

Last week the Times said it was scrapping its plan to sell the Boston Globe, since dramatic cost cuts had saved the company more than $38 million a year and improved the paper’s financial position.

The company reports its third-quarter results on Thursday.

Times shares closed at $8.91, up 43 cents or 5.07 percent, in New York Stock Exchange trading. The shares are up 21.5 percent this year.