Current:Home > Scams'Los Angeles Times' to lay off 13% of newsroom -Elevate Capital Network
'Los Angeles Times' to lay off 13% of newsroom
View
Date:2025-04-17 01:50:24
The Los Angeles Times informed its newsroom Wednesday that it would lay off about 13% of the paper's journalists, the latest in a string of blows to major American news outlets.
It's the first major round of job cuts since the paper was acquired in 2018 by Patrick Soon-Shiong, a billionaire entrepreneur and investor based in Southern California. At the time, he told NPR that he wanted to protect the L.A. Times from a series of cutbacks that had afflicted the paper under previous owners based in Chicago.
During the pandemic, there was a far smaller round of layoffs. The paper and labor union negotiated a work-sharing agreement and furloughs in lieu of layoffs.
In making the announcement to officials of the newsroom union, executives cited a "difficult economic operating environment." L.A. Times Executive Editor Kevin Merida wrote in a memo to colleagues that making the decisions to lay off colleagues was "agonizing."
"We have done a vast amount of work as a company to meet the budget and revenue challenges head on," Merida wrote. "That work will need acceleration and we will need more radical transformation in the newsroom for us to become a self-sustaining enterprise."
He continued, "Our imperative is to become a modern media company - more nimble, more experimental, bolder with our ambition and creativity than we are today."
This follows major layoffs at other news companies, including BuzzFeed (which eliminated its news division), Vice (which declared bankruptcy), NPR (which laid off 10 percent of its workforce), MSNBC, CNN and The Washington Post.
According to a spokesperson, the L.A. Times intends to lay off 74 journalists. The paper expects to retain at least 500 newsroom employees after the cuts are complete.
Leaders of the paper's newsroom union, called the NewsGuild, note that it has been engaged in negotiations with the paper since September on a new contract with little progress. The prior one, which remains in effect, expired in November. They say they were blind-sided by the announcement, receiving notification from the paper's chief lawyer just minutes before Merida's note to staff.
"This is a case study in bad faith and shows disrespect for the newsroom," the guild said in a statement. It called upon the newspaper to negotiate alternatives, including voluntary buyouts, which it said was required under the paper's contract. (Fifty-seven guild-represented employees are among those designated to lose their jobs, according to the union.)
At NPR, the union that represented most newsroom employees, SAG-AFTRA, reviewed the network's financial books and agreed the need for cuts was real. The two sides ultimately reached agreements on how the job reductions would be structured.
The NewsGuild also represents journalists at the Gannett newspaper chain who walked off the job earlier this week to protest their pay and working conditions.
veryGood! (62589)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Wind farm off the Massachusetts coast begins delivering steady flow of power
- Frog and Toad are everywhere. How 50-year-old children's characters became Gen Z icons
- Remains found over 50 years ago identified through DNA technology as Oregon teen
- Average rate on 30
- 3 University of Wyoming swimmers killed in highway crash in Colorado
- Untangling the 50-Part Who TF Did I Marry TikTok
- Students demand universities kick Starbucks off campus
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Denver police seek help finding a former funeral home owner after body kept in hearse for 2 years
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- Hotel California lyrics trial reveals Eagles manager cited God Henley in phone call
- 'What we have now is not college football': Nick Saban voices frustration after retirement
- Don Henley's attempt to reclaim stolen Eagles lyrics to Hotel California was thwarted by defendants, prosecutors say
- Small twin
- Jelly Roll announces Beautifully Broken tour: Here are the dates, how to get tickets
- What to know for WWE Elimination Chamber 2024: Date, US time, how to watch, match card
- Podcaster Bobbi Althoff and Ex Cory Settle Divorce 2 Weeks After Filing
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Ex-FBI source accused of lying about Bidens and having Russian contacts is returned to US custody
Watch melted during atomic blast over Hiroshima sells for more than $31,000
Metal detectorist finds 1,400-year-old gold ring likely owned by royal family: Surreal
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Harry Styles is Officially an Uncle After Sister Gemma Shares Baby News
Man pleads guilty in 2021 Minnesota graduation party shooting that killed 14-year-old
Trump sells sneakers and Beyoncé is a country star. Is this the quiz or 2024 bingo?
Like
- Senate begins final push to expand Social Security benefits for millions of people
- The combination of AEC tokens and Artificial Intelligence is a core driver in creating the Alpha Artificial Intelligence AI4.0 investment system
- NBA suspends Pistons' Isaiah Stewart for pregame altercation with Suns' Drew Eubanks