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Re: Woke journalistically bankrupt Los Angeles Times to lay off 94 workers - union president
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Lies Don't Sell
Jan 24, 2024, 5:47:13 AMJan 24
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On 16 Feb 2022, Lefty Lundquist <lefty_l...@ggmail.com> posted some
news:sujkqr$m2d$1...@dont-email.me:
> The owners did it to themselves. They went totally left-wing and lost
> 60% of their market. Consumers are tired of media lies.
(Reuters) -The Los Angeles Times plans to lay off 94 journalists who
belong to the newspaper's union, the head of the union said on Tuesday,
adding to a string of job cuts that have swept the media industry in
recent weeks.
The layoffs represent about a fourth of the union's membership, but are
far lower than the number of Guild layoffs initially expected last week,
said Matt Pearce, an LA Times reporter who heads the union representing
the journalists.
"L.A. Times management has notified me 94 @latguild members are being
notified of intended layoff today," he said on the X social media
platform on Tuesday.
In a story on the publication's website, also on Tuesday, Meg James
reported that LA Times had announced it was cutting at least 115 roles,
representing over 20% of its newsroom.
The move adds to the turmoil at the newspaper, whose Managing Editor
Sara Yasin resigned on Monday, a little over a week after Executive
Editor Kevin Merida left, citing differences with the paper's owner.
The LA Times declined to comment.
The layoffs come amid projections for another year of heavy losses for
the newspaper, according to the LA Times report by James, which quoted
owner Patrick Soon-Shiong as saying the paper loses $30 million to $40
million annually.
Media companies reliant on advertising dollars have been grappling with
an uncertain economy that has squeezed marketing budgets across
industries, even as consumers cut back on paid subscriptions. The
Washington Post had said in October it planned to offer voluntary
separation packages to employees across all functions in an effort to
reduce headcount by 240. Several technology companies, including Amazon
and Alphabet's Google, also started the year by cutting jobs as they
make big investments in generative artificial intelligence.
https://finance.yahoo.com/news/los-angeles-times-lay-off-182234434.html
news:sujkqr$m2d$1...@dont-email.me:
> The owners did it to themselves. They went totally left-wing and lost
> 60% of their market. Consumers are tired of media lies.
(Reuters) -The Los Angeles Times plans to lay off 94 journalists who
belong to the newspaper's union, the head of the union said on Tuesday,
adding to a string of job cuts that have swept the media industry in
recent weeks.
The layoffs represent about a fourth of the union's membership, but are
far lower than the number of Guild layoffs initially expected last week,
said Matt Pearce, an LA Times reporter who heads the union representing
the journalists.
"L.A. Times management has notified me 94 @latguild members are being
notified of intended layoff today," he said on the X social media
platform on Tuesday.
In a story on the publication's website, also on Tuesday, Meg James
reported that LA Times had announced it was cutting at least 115 roles,
representing over 20% of its newsroom.
The move adds to the turmoil at the newspaper, whose Managing Editor
Sara Yasin resigned on Monday, a little over a week after Executive
Editor Kevin Merida left, citing differences with the paper's owner.
The LA Times declined to comment.
The layoffs come amid projections for another year of heavy losses for
the newspaper, according to the LA Times report by James, which quoted
owner Patrick Soon-Shiong as saying the paper loses $30 million to $40
million annually.
Media companies reliant on advertising dollars have been grappling with
an uncertain economy that has squeezed marketing budgets across
industries, even as consumers cut back on paid subscriptions. The
Washington Post had said in October it planned to offer voluntary
separation packages to employees across all functions in an effort to
reduce headcount by 240. Several technology companies, including Amazon
and Alphabet's Google, also started the year by cutting jobs as they
make big investments in generative artificial intelligence.
https://finance.yahoo.com/news/los-angeles-times-lay-off-182234434.html
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