Thursday, 16 Jan, 2025

International

NY Times to slash 100 newsroom jobs

International Desk |
Update: 2014-10-01 10:49:00
NY Times to slash 100 newsroom jobs Photo Courtesy: bradleydibble.authorsxpress.com

DHAKA: The New York Times said Wednesday it plans to cut 100 newsroom jobs in the latest move by the prestigious daily to adapt to industry upheaval.

‘The job losses are necessary to control our costs and to allow us to continue to invest in the digital future of The New York Times, but we know that they will be painful both for the individuals affected and for their colleagues,’ according to a note to employees cited by the daily.

The note from publisher Arthur Sulzberger and chief executive Mark Thompson also said that a mobile app dedicated to opinion content was shutting down because it lacked enough subscribers.

The job cuts represent around 7.5 percent of the newsroom staff of 1,330, which according to the newspaper is a record high.

The Times has been adding jobs over the past year for online and video news initiatives, reports The Straits Times.

BDST: 2039 HRS, OCT 01, 2014

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.