Current:Home > reviews'Los Angeles Times' to lay off 13% of newsroom -Aspire Money Growth
'Los Angeles Times' to lay off 13% of newsroom
View
Date:2025-04-17 14:25:31
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! (33)
Related
- A South Texas lawmaker’s 15
- Our The Sopranos Gift Guide Picks Will Make You Feel Like a Boss
- RHOBH's Kyle Richards Reveals Plans to Leave Hollywood
- The Universal Basic Income experiment in Kenya
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Ronnie Long, Black man wrongfully convicted and imprisoned for 44 years, gets $25 million settlement and apology from city
- Acupuncture is used to treat many conditions. Is weight loss one?
- Montana fire chief who had refused vaccine mandate in Washington state charged in Jan. 6 riot
- Small twin
- 3 adults with gunshot wounds found dead in Kentucky home set ablaze
Ranking
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- ‘Obamacare’ sign-ups surge to 20 million, days before open enrollment closes
- Longest currently serving state senator in US plans to retire in South Carolina
- Massachusetts House passes bill aimed at outlawing “revenge porn; Nearly all states have such bans
- The Daily Money: Spending more on holiday travel?
- Trump can't deliver closing argument in New York civil fraud trial, judge rules
- Emma Stone, Ayo Edebiri and More Stars React to 2024 SAG Awards Nominations
- Panel of judges says a First Amendment challenge to Maryland’s digital ad tax should be considered
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Virginia Senate Democrats decline to adopt proportional party representation on committees
NASA delays Artemis II and III missions that would send humans to the moon by one year
Man armed with assault rifle killed after opening fire on Riverside County sheriff’s deputies
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Who’s running for president? See a rundown of the 2024 candidates
Sinéad O'Connor died of natural causes, coroner says
Music streams hit 4 trillion in 2023. Country and global acts — and Taylor Swift — fueled the growth