The Seattle Times announced this week that it will slash 10% of its staff. That translates to an elimination of 130 to 150 jobs, through a combination of buyouts and layoffs, less than a year after a similar round of cuts.
In a memo, Publisher Frank Blethen told the staff the move was de to industry changes and the worldwide financial crisis. The company hinted the cuts are not over. From the memo: “As the 2009 budgeting process continues, there will be additional expense reductions, which may include additional layoffs.”