Current:Home > Invest'Los Angeles Times' to lay off 13% of newsroom -TrueNorth Finance Path
'Los Angeles Times' to lay off 13% of newsroom
View
Date:2025-04-12 03:00:44
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! (3)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Taylor Swift announces 'Tortured Poets' music video and highlights 2 o'clock
- We Found Cute Kate Spade Mother’s Day Gifts That Will Instantly Make You the Favorite—and They're On Sale
- Hulu's 'Under the Bridge' will make you wonder where your children are
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Chiefs' Patrick Mahomes lands on cover for Time 100 most influential people of 2024
- Bob Graham, ex-US senator and Florida governor, dies at 87
- Shopaholic Author Sophie Kinsella Shares She's Been Diagnosed With Aggressive Form of Brain Cancer
- What to watch: O Jolie night
- Uber is helping investigators look into account that sent driver to Ohio home where she was killed
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Trevor Bauer accuser charged with felony fraud after she said pitcher got her pregnant
- Stephen Curry tells the AP why 2024 is the right time to make his Olympic debut
- We Promise Checking Out Victoria Beckham's Style Evolution Is What You Really, Really Want
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Supreme Court makes it easier to sue for job discrimination over forced transfers
- Kate Hudson addresses criticism of brother Oliver Hudson after Goldie Hawn comments
- Alabama children who were focus of Amber Alert, abduction investigation, found safe
Recommendation
The Daily Money: Spending more on holiday travel?
Uber is helping investigators look into account that sent driver to Ohio home where she was killed
3 Pennsylvania construction workers killed doing overnight sealing on I-83, police say
Pilot who died last week in Indiana plane crash was Purdue student, authorities say
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
2024 WNBA draft, headlined by No. 1 pick Caitlin Clark, shatters TV viewership record
Mega Millions winning numbers for April 16 posted after delay caused by 'technical difficulties'
Kate Hudson addresses criticism of brother Oliver Hudson after Goldie Hawn comments