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'NY Times' Braces For More Cuts

Monday is Pearl Harbor day at the Gray Lady. That's when the paper's union for journalists faces a deadline to accept severance packages. So far, about 50 unionized newsroom employees would be taking buyouts, but Bill Keller, executive editor, is expected to trim the ranks by 100.

This latest round of cuts is far deeper than the roughly 20 people cut in what has been called the Valentine's Day Massacre of 2008, the first-ever wave of layoffs in the paper's more than 100-year history, and more than 100 positions were eliminated when voluntary buyouts are included in the total.

The copy desk, "Metro" and "Sports" sections, which have already been reduced, are seen as vulnerable. Geraldine Fabrikant, a veteran business reporter, is believed to be among the buy-out volunteers.

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