Current:Home > Contact'Los Angeles Times' to lay off 13% of newsroom -Thrive Money Mindset
'Los Angeles Times' to lay off 13% of newsroom
View
Date:2025-04-25 10:47:52
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! (72)
Related
- Highlights from Trump’s interview with Time magazine
- Paris Olympics: Simone Biles, Team USA gymnastics draw record numbers for NBC
- Did Katie Ledecky win? How she, Team USA finished in 4x200 free relay
- Simone Biles wins historic Olympic gold medal in all-around final: Social media reacts
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Top Nordstrom Anniversary Sale 2024 Workwear Deals: Office-Ready Styles from Steve Madden, SPANX & More
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Green Initiatives
- Watch as adorable bear cubs are spotted having fun with backyard play set
- Travis Hunter, the 2
- Britney Spears biopic will be made by Universal with Jon M. Chu as director
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Who will host 'Pop Culture Jeopardy!' spinoff? The answer is...
- 1 killed and 3 wounded in shooting in Denver suburb of Aurora on Thursday, police say
- Dwyane Wade's Olympic broadcasts showing he could be future of NBC hoops
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Donald Trump’s gag order remains in effect after hush money conviction, New York appeals court rules
- Mexican singer Lupita Infante talks Shakira, Micheladas and grandfather Pedro Infante
- Can I afford college? High tuition costs squeeze out middle-class students like me.
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Jailer agrees to plead guilty in case of inmate who froze to death at jail
Cardi B announces she's pregnant with baby No. 3 as she files for divorce from Offset
An 'asymmetrical' butt? Why Lululemon pulled its new leggings off shelves
Nevada attorney general revives 2020 fake electors case
'Just glad to be alive': Woman rescued after getting stuck in canyon crevice for over 13 hours
'Power Rangers' actor Hector David Jr. accused of assaulting elderly man in Idaho
Regan Smith races to silver behind teen star Summer McIntosh in 200 fly