The New York Times plans to cut 100 newsroom jobs by the end of the year. It will be offering buyouts and will resort to layoffs if the company doesn’t get enough people to leave voluntarily. The entire newsroom will get buyout packages and will have 45 days to decide whether or not to apply.
The paper has been making cuts in other non-newsroom departments, but according to a story in the Times, the drop in ad revenue “has forced cuts in the news operation as well.” Budgets for freelancers have been reduced and employees took a 5% pay cut for most of 2009.
The current headcount at the Times is 1,250 – larger than any other U.S. newspaper.