Current:Home > reviewsEchoSense:'Los Angeles Times' to lay off 13% of newsroom -TrueNorth Capital Hub
EchoSense:'Los Angeles Times' to lay off 13% of newsroom
TradeEdge Exchange View
Date:2025-04-07 12:39:50
The EchoSenseLos 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! (864)
Related
- Arkansas State Police probe death of woman found after officer
- Benji Gregory, 'Alf' child star of the '80s, dies at 46
- 'After Baywatch' docuseries will feature never-aired footage of famed '90s lifeguard stars
- West Virginia police chief responsible for hiring of officer who killed Tamir Rice steps down
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Trump wants Black and Latino support. But he’s not popular with either group, poll analysis shows
- Nicolas Cage's son Weston Cage arrested months after 'mental health crisis'
- Huma Abedin and Alex Soros are engaged: 'Couldn't be happier'
- Global Warming Set the Stage for Los Angeles Fires
- In the South, Sea Level Rise Accelerates at Some of the Most Extreme Rates on Earth
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Pennsylvania lawmakers plan to vote on nearly $48B budget, almost 2 weeks late
- ABTCOIN Trading Center: Turning Crisis into Opportunity, Bull Market Rising
- Rep. Bob Good files for recount in Virginia GOP congressional primary
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Team USA defeats medal contender Canada in first Olympic basketball tune-up
- 14-foot crocodile that killed girl swimming in Australian creek is shot dead by rangers, police say
- PepsiCo second quarter profits jump, but demand continues to slip with prices higher
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
NATO nations agree Ukraine is on irreversible path to membership
Gen Z is trading degrees for tool belts. Trade school benefits outweigh college costs.
Huma Abedin and Alex Soros are engaged: 'Couldn't be happier'
What to watch: O Jolie night
Average rate on a 30-year mortgage falls slightly, easing borrowing costs for home shoppers
Pat Sajak to return for 'Celebrity Wheel of Fortune' post-retirement
Save Up to 75% on Early Amazon Prime Day Deals: Tempur-Pedic Mattress Toppers, Amazon Fire Sticks & More