Current:Home > Invest'Los Angeles Times' to lay off 13% of newsroom -InvestPioneer
'Los Angeles Times' to lay off 13% of newsroom
View
Date:2025-04-18 02:59:41
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! (17)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- NATO chief says Trump comment undermines all of our security
- A's new primary play-by-play voice is Jenny Cavnar, first woman with that job in MLB history
- Milwaukee woman charged with killing abuser arrested in Louisiana
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Tom Ford's Viral Vanilla Sex Perfume Is Anything But, Well, You Know
- Indonesian voters are choosing a new president in one of the world’s largest elections
- Kansas lawmakers look to increase penalties for harming police dogs
- The White House is cracking down on overdraft fees
- Defense Secretary Lloyd Austin released from hospital, resumes his full duties, Pentagon says
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- WhatsApp glitch: Users report doodle not turning off
- What is Temu, and should you let your parents order from it?
- Mississippi governor announces new law enforcement operation to curb crime in capital city
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Inflation dipped in January, CPI report shows. But not as much as hoped.
- How previous back-to-back Super Bowl winners fared going for a three-peat
- Ash Wednesday and Valentine’s Day fall on the same day this year. Here’s what you need to know
Recommendation
The company planning a successor to Concorde makes its first supersonic test
NBA All-Star game: Kentucky basketball sets record with 7 participants
Three officers are shot in Washington, police say. The injuries don’t appear to be life-threatening
Man arrested in Jackie Robinson statue theft, Kansas police say
South Korean president's party divided over defiant martial law speech
Report: ESPN and College Football Playoff agree on six-year extension worth $7.8 billion
A's new primary play-by-play voice is Jenny Cavnar, first woman with that job in MLB history
Dow tumbles more than 700 points after hot inflation report