Current:Home > Markets'Los Angeles Times' to lay off 13% of newsroom -Wealth Nexus Pro
'Los Angeles Times' to lay off 13% of newsroom
View
Date:2025-04-27 20:34:50
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! (8)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Pippa Middleton Makes Rare Public Appearance at King Charles III and Queen Camilla’s Coronation
- Duchess Sophie and Daughter Lady Louise Windsor Are Royally Chic at King Charles III's Coronation
- PGA Tour and LIV Golf to merge, ending disruption and distraction and antitrust lawsuit
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Why Prince Harry Didn't Wear His Military Uniform to King Charles III's Coronation
- Travelers coming to the U.S. from Uganda will face enhanced screening for Ebola
- Today’s Climate: June 26-27, 2010
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- New Federal Gas Storage Regulations Likely to Mimic Industry’s Guidelines
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- Today’s Climate: July 1, 2010
- The first abortion ban passed after Roe takes effect Thursday in Indiana
- What happened on D-Day? A timeline of June 6, 1944
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Biden touts his 'cancer moonshot' on the anniversary of JFK's 'man on the moon' speech
- PGA Tour and LIV Golf to merge, ending disruption and distraction and antitrust lawsuit
- Dolphins QB Tua Tagovailoa's injury sparks concern over the NFL's concussion policies
Recommendation
North Carolina justices rule for restaurants in COVID
Coach Flash Sale: Save 85% on Handbags, Shoes, Jewelry, Belts, Wallets, and More
Flu is expected to flare up in U.S. this winter, raising fears of a 'twindemic'
How Kate Middleton Honored Queen Elizabeth II and Princess Diana at Coronation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Today’s Climate: June 4, 2010
How ESG investing got tangled up in America's culture wars
Global Programs Are Growing the Next Generation of Eco-Cities