The New York Times announced today that it will cut 100 newsroom jobs—about 8 percent of the total—by year's end. In a memo to the news room, executive editor Bill Keller said, "Like you, I yearn for the day when we can do our jobs without looking over our shoulders for economic thunderstorms." Employees already took a 5 percent pay cut for most of this year, which was intended to avoid layoffs.
The Times’s news department peaked at more than 1,330 employees before the last round of cuts; the department currently employs 1,250, nearly double the number employed in newsrooms at other major American newspapers.
Like most other print media outlets, the paper of record has suffered a massive drop in ad revenue, as a drying trickle of ad dollars is increasingly siphoned off by online media. The newsroom cut was first reported by the New York Times, then laboriously copied and pasted here on Gothamist.