Posted on 05/25/2016 7:20:51 AM PDT by McGruff
The New York Times will offer voluntary buyout packages to members of the newsroom and several business departments at the end of the month, the company announced on Wednesday.
In a memo, members of the executive committee, including Arthur Sulzberger Jr., the newspaper’s publisher, and Dean Baquet, its executive editor, said that the buyouts were a part of the company’s larger mandate to build a more digitally focused newsroom, and to reach its stated goal of doubling digital revenue by the year 2020.
“These plans will no doubt lead to new initiatives and investments,” the memo said. “At the same time, we will also need to make tough decisions about what to stop doing. Wherever we can reduce costs without damaging the values, and value, of Times journalism, we will do so.”
(Excerpt) Read more at nytimes.com ...
Dinosaur media death watch
“The news follows an announcement last week from Mr. Baquet that The Times was not planning layoffs for the calendar year, but would be taking other measures to cut costs in some areas and dedicate resources to others, like recent efforts to expand international coverage significantly.”
Better dust off those resumes you losers.
Dead Tree Media is dying...
I doubt that will include continuing to be an unpaid shill for Marxism, Mohammedanism and various other racial supremacy groups, will it?
Maybe Al Jazera could buy them for one dollar.
“Our company would be so much more profitable if you didn’t work here.”
Die, Vile Rag, DIE!
Of the NY Slimes staff was 110% liberal, I would advise anyone who gets the early out offer to take it and run away.
If they don’t, their next offer will be a free Kinko’s box for their personal items, a two week severance check and a free escort by a private security thug to outside the Slimes Front Door,
Keep MoDo! By all means, keep MoDo!
IOW, they want to get rid of their older more salaried workers and hire young college kids with wet diplomas for mere pittances.......................
What they should do is fire their male staff, then hire only women, who of course, will work @ $.77 for every $1.00 the males were making. Voila!, a 23% reduction in payroll!
Ping.
oh this is what all companies do when the business is going gangbusters... /s
“At the same time, we will also need to make tough decisions about what to stop doing. . . .”
Simply publish the crossword puzzle....and nothing else.
So because of growth opportunities the NYT has to cut staff.
Fake, but accurate.
The great day is when the Gray Lady finally shuts down and goes only to a website that nobody will read.
When the New York Times decided “Prizes” were more important than winning trust and respect of their readers they signed their death warrant ...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.