The New York Times announced on Tuesday that it intends to cut out about 100 newsroom positions and a few more positions from its business and editorial staffs. The company will be offering buyouts initially but made it clear that if enough staffers don't leave voluntarily then there will be layoffs in the near future. Arthur Sulzberger Jr., the newspaper's publisher, also said that NYT Opinion, an app devoted to opinionated content will also cease operations because there aren't enough subscribers.
In an official statement regarding the cuts the Times said, "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." The paper has made staffing cuts several times over the last six years and thanks to added positions for digital content workers, the staff is still one of the largest ever at the Times. They currently employee 1,330 people up from 1,250 at the end of last year. Comparatively, The Washington Post has a newsroom that boasts about 650 employees.
The Times joins newspapers across the country that find themselves needing to downsize because the business isn't anywhere near as profitable as it once was. There has been a lot of speculation about standard newspapers being a dying breed and that eventually old school newsrooms will be a thing of the past. Do you think that digital reporting with web producers and video journalists will slowly but surely make old institutions such as The New York Times obsolete? Tell us your thoughts in the comments below!
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