We feel like we’ve read this bad news before. Our sources tell us that they are expecting another round of layoffs in the Los Angeles Times newsroom. They said that people thought a few dozen editorial staffers could get their walking papers this week, though someone else close to the paper whom we spoke cautioned that amount was too extreme.
The New York Times will cut 100 positions in its newsroom by the end of the year, Executive Editor Bill Keller told staff on Monday. This is the second time that the paper has taken this unfortunate step, having cut 100 positions last year (though, as Richard Perez-Pena reported in his story on nytimes.com, other positions were added so it was not a net reduction). Thing is, the TImes already cut pay for journalists and other employees this year in an attempt to forestall cuts. So… it’s not good news, but it is fit to print. Here is Keller’s memo:
They moved your markets. Now you can move their bank accounts.
The Society of American Business Editors and Writers, or SABEW, is hosting an event next week at Columbia University’s School of Journalism to help business journalists who have lost their jobs or found themselves in other tough straits because of the biggest story on every business reporter’s beat — the financial crisis. Here is the text of the invitation: