Current:Home > ScamsAlgosensey|'Los Angeles Times' to lay off 13% of newsroom -Ascend Finance Compass
Algosensey|'Los Angeles Times' to lay off 13% of newsroom
Charles H. Sloan View
Date:2025-04-11 04:49:31
The AlgosenseyLos 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! (922)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- 16-year-old brother fatally shot months after US airman Roger Fortson was killed by deputy
- Jake Paul rips Olympic boxing match sparking controversy over gender eligiblity criteria
- Save 50% on Miranda Kerr's Kora Organics, 70% on Banana Republic, 50% on Le Creuset & Today's Top Deals
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Exonerees call on Missouri Republican attorney general to stop fighting innocence claims
- Lance Bass Shares He Has Type 1.5 Diabetes After Being Misdiagnosed Years Ago
- Watch a DNA test reunite a dog with his long lost mom
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Man accused of beheading father in their home is competent to stand trial, judge rules
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Cardi B files for divorce from Offset, posts she’s pregnant with their third child on Instagram
- Watch a DNA test reunite a dog with his long lost mom
- Pregnant Cardi B Puts Baby Bump on Display in New York After Filing for Divorce From Offset
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Miles Partain, Andy Benesh advance in Paris Olympics beach volleyball after coaching change
- Say Goodbye to Frizzy Hair: I Tested and Loved These Products, but There Was a Clear Winner
- Illinois sheriff whose deputy shot Sonya Massey says it will take rest of his career to regain trust
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
JoJo Siwa Details Her Exact Timeline for Welcoming Her 3 Babies
Olympian Katie Ledecky Has Become a Swimming Legend—But Don’t Tell Her That
Watch as adorable bear cubs are spotted having fun with backyard play set
Former Danish minister for Greenland discusses Trump's push to acquire island
Olympian Katie Ledecky Has Become a Swimming Legend—But Don’t Tell Her That
Mýa says being celibate for 7 years provided 'mental clarity'
Video shows dramatic rescue of crying Kansas toddler from bottom of narrow, 10-foot hole