Current:Home > Invest'Los Angeles Times' to lay off 13% of newsroom -FutureFinance
'Los Angeles Times' to lay off 13% of newsroom
View
Date:2025-04-19 15:51:13
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! (5)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Proposed protective order would infringe on Trump's free speech, his lawyers say
- The UK government moves asylum-seekers to a barge moored off southern England in a bid to cut costs
- Men often struggle with penis insecurity. But no one wants to talk about it.
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Dog seen walking I-95 in Philadelphia home again after second escape
- Indiana teacher with ‘kill list’ of students, staff sentenced to 2½ years on probation
- Prebiotic sodas promise to boost your gut health. Here's what to eat instead
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Senator Dianne Feinstein giving up power of attorney is raising questions. Here's what it means.
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- Rwanda genocide survivors criticize UN court’s call to permanently halt elderly suspect’s trial
- Biden is creating a new national monument near the Grand Canyon
- Thousands of Los Angeles city workers walk off job for 24 hours alleging unfair labor practices
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Carson Wentz posts photos training in 'alternate uniform' featuring three NFL teams
- Pink is dazzling, undaunted and often upside down on her enthralling Summer Carnival tour
- Unlimited vacation can save companies billions. But is it a bad deal for workers?
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Trump's attorneys argue for narrower protective order in 2020 election case
CDC says COVID variant EG.5 is now dominant, including strain some call Eris
Two rivals claim to be in charge in Niger. One is detained and has been publicly silent for days
Rylee Arnold Shares a Long
Fact-checking 'Winning Time': Did cursing Celtics fans really mob the Lakers' team bus?
Bursting ice dam in Alaska highlights risks of glacial flooding around the globe
Powerball jackpot grows to $145 million. See winning numbers for Aug. 7.