'NY Times' Newsroom Will Cut 100 Jobs

In its first round of job cuts since 2008, The New York Times said it plans to eliminate 100 newsroom jobs out of about 1,250 by the end of the year -- first through voluntary buyouts, then by layoffs if not enough staffers volunteer to take the plunge.

More budget cuts in the edtorial, op-ed and business side are also expected, Editor Bill Keller informed the newsroom staff in the memo announcing the news.

Read the whole story at New York Observer »
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