The Los Angeles Times announced Tuesday it would lay off more than 100 journalists, saying it was losing up to $40 million a year, according to multiple news organizations.
The newspaper will cut its news staff by 20%, one of the largest layoffs in its 142-year history, said Meg James. report. Those fired included the newspaper's Washington, D.C. bureau chief and deputy chief, as well as its business editor, music editor and books editor. (Related: 'Trying to rig the election': FOX News guest cuts liberal network for not airing Trump victory speech)
Two of the paper's four editors-in-chief resigned before the layoffs were announced, adding to the uncertainty surrounding the news organization. according to On CNN. Other news organizations including The Washington Post, Vox and Yahoo News also made cuts in 2023, according to CNN. report During December.
The LA Times has begun laying off at least 115 people in its newsroom starting today in an effort to stem severe financial losses. Many valued colleagues, including those with whom I have worked for many years, have been forced to say goodbye. @latimes https://t.co/rQDX4pFI9x
— Meg James (@MegJamesLAT) January 23, 2024
“We have a billionaire who doesn't understand the media and thinks he can carve his way to success,” one staffer told CNN's Oliver Darcy.
“The level of confusion cannot be overstated,” another staffer told a CNN media reporter.
According to NPR, the last round of layoffs in June reduced its news staff by about 13%. report74 people were laid off.
According to CNN, employees at the newspaper walked out on Friday in protest of the planned layoffs. The L.A. Times Guild did not respond to Tuesday's announcement but reversed previous layoffs. statement In June.
“Today’s decisions are painful for everyone, but it is imperative that we act quickly and take steps to build a sustainable and thriving newspaper for generations to come. We are committed to doing so. We are working on it,” owner Patrick Soon-Shiong told James on Tuesday, noting that the paper was losing between $30 million and $40 million a year.
The LA Times did not immediately respond to a request for comment.
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