L.A. Times Lays Off 115 Staffers Amid Financial Crisis
23.01.2024 - 18:37
/ variety.com
Gene Maddaus Senior Media Writer The Los Angeles Times announced Tuesday that it is laying off 115 staffers, as billionaire owner Patrick Soon-Shiong looks to stem losses that have grown to $30-$40 million a year. The layoff figure includes both union members and non-union managers. Matt Pearce, a Times reporter and president of Media Guild West, said on X that 94 union staffers were being let go, which he said was “devastating” but less than the number expected a week ago.
The layoffs were expected to impact employees with the least seniority, per the union’s contract. The union rejected a management proposal to offer buyouts in exchange for giving up the seniority rule. Some staffers began to post on X that they had been let go.
They included Kimbriell Kelly, the D.C. bureau chief, and Nick Baumann, the deputy D.C. bureau chief who was to lead the paper’s coverage of the 2024 presidential race.
In an interview with the L.A. Times, Soon-Shiong acknowledged that the layoffs were “painful for all,” but said they were necessary to build a sustainable business. He also said that recent years have been “tumultuous,” but pushed back on the idea that the paper is currently in turmoil.
“We are not in turmoil,” he said. “We have a real plan.” The mass layoff comes just two weeks after Kevin Merida, the paper’s executive editor, announced that he was stepping down after just two and a half years on the job. Four editors were put in charge of the newsroom after Merida’s departure.
Two of them have since left the paper. The layoffs amount to about 20% of the newsroom, and come after the paper cut 74 newsroom staffers just a few months ago. They also come on the same day the Times was nominated for its first-ever Academy Award for
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