LOSING: Failing New York Times Set to Lay Off Many Employees

The failing New York Times has waged war on the American people, the American people have responded, and now many people are going to be getting laid off from their jobs at the Times.

The New York Post reported:

Reporters at the New York Times could soon be “vulnerable” to the ax. If the ongoing round of voluntary buyouts being offered to editing staff does not get enough takers, the Gray Lady could begin another round, NYT Executive Editor Dean Baquet recently warned his top department editors.

“Up until now, the company had not indicated that layoffs would happen if targeted numbers weren’t achieved,” Grant Glickson, president of the NewsGuild, told Media Ink.

As part of the NYT’s ongoing restructuring of its editing ranks, 109 copy editors have had their jobs eliminated. There are estimated to be about 50 new jobs available in the restructured editing operation that the Times envisions for its digital- and video-oriented future.

When the downsizing was first revealed in late May, a memo from Baquet and Managing Editor Joe Kahn portrayed the cuts as a “streamlining” of the editing process and indicated that some of the savings would be used to hire up to 100 more journalists.

But in a mid-June meeting with department heads, Baquet admitted that journalists could be targeted in a new round of layoffs once the editing ranks are culled.

Read the full report here.

This is awesome! Let’s hope the are run out of business!

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