Current:Home > Markets'Los Angeles Times' to lay off 13% of newsroom -GoldenEdge Insights
'Los Angeles Times' to lay off 13% of newsroom
View
Date:2025-04-12 16:15:04
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! (569)
Related
- Bodycam footage shows high
- Megan Thee Stallion recreates Britney Spears' iconic 2001 python moment at VMAs: Watch
- US filings for unemployment benefits inch up slightly but remain historically low
- Alicia Silverstone says toilet paper carries 'risk of cancer.' What's the truth about PFAS?
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Gordon Ramsay’s Daughter Holly Ramsay Engaged to Olympic Gold Medalist Adam Peaty
- Fed official broke ethics rules but didn’t violate insider trading laws, probe finds
- Campbell removing 'soup' from iconic company name after 155 years
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Tyreek Hill police incident: What happened during traffic stop according to body cam
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- 2025 Social Security COLA estimate dips with inflation but more seniors face poverty
- Tyreek Hill: I could have 'been better' during police interaction before detainment
- Kate Gosselin zip-tied son Collin and locked him in a basement, he claims
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- 2024 VMAs: Sabrina Carpenter Showcases Romance During Steamy Performance—and Not With Barry Keoghan
- Rangers prospect Kumar Rocker to make history as first MLB player of Indian descent
- The Best Kate Spade Outlet Deals Under $100 – Score $39 Wallets, $39 Wristlets, $58 Crossbodies & More
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
California mom faces felony charges after 3-year-old daughter dies in hot car
2024 VMAs Red Carpet: Taylor Swift's Bondage-Inspired Look Is Giving Reputation Vibes
2024 MTV VMAs: Taylor Swift Makes History With Artist of the Year Win
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Raging western wildfires are causing unhealthy air quality in Nevada, Arizona, California
Ravens' Kyle Van Noy rips Chiefs medical staff after injury: 'Super unprofessional'
Conditions starting to 'deteriorate' in La. as Hurricane Francine nears: Live updates