The New York Times just announced that it needs to cut 100 positions, or about 8 percent, from its newsroom by the end of the year.
The Times says it will offer union and non-union employees voluntary buyouts, and if that number is not met, it will be forced to execute layoffs.
An apparently flu-stricken executive editor Bill Keller informed staffers via e-mail.
"I won't pretend that these staff cuts will not add to the burdens of journalists whose responsibilities have grown faster than their compensation," Keller wrote. "Like you, I yearn for the day when we can do our jobs without looking over our shoulders for economic thunderstorms."
The paper had already instituted a 5 percent pay cut this year. The Times carried out a similar round of cuts on the newsroom in 2008. (According to the Times' own Media Decoder blog, between 15 and 20 staffers were laid off then.) There have been other cutback at the company since then, but they did not result in newsroom layoffs.
"I won't promise this will be easy or painless," he added. "But I believe we can weather these cuts without seriously compromising our commitment to coverage of the region, the country and the world. We will remain the single best news organization on earth."
Here's Keller's memo, sent to staffers a little over an hour ago:
I had planned to invite you to the newsroom and break this news in person today, but I've been hit by something that seems to be the flu. Though I strongly believe in delivering bad news in person, I don't want to add insult to injury by spreading infection.
Let me cut to the chase: We have been told to reduce the newsroom by 100 positions between now and the end of the year.
We hope to accomplish this by offering voluntary buyouts. On Thursday, the Company will be sending buyout offers to everyone in the newsroom. Getting a buyout package does NOT mean we want you to leave. It is simply easier to send the envelopes to everyone. If you think a buyout may be right for you, you have up to 45 days to decide whether you will accept it or not.
As before, if we do not reach 100 positions through buyouts, we will be forced to go to layoffs. I hope that won't happen, but it might.
Our colleagues in editorial and op-ed, and on the business side, also face another round of budget cuts.
In recent years, we've managed to avoid the disabling cutbacks that have hit other newsrooms. The Company has chosen to protect the journalism by cutting production and other business-side costs, and the newsroom itself has managed its resources frugally. These latest cuts will still leave us with the largest, strongest and most ambitious editorial staff of any newsroom in the country, if not the world.
I won't pretend that these staff cuts will not add to the burdens of journalists whose responsibilities have grown faster than their compensation.
