New York Times Cut Jobs
Monday, October 19, 2009
The New York Times will be cutting 100 jobs within the end of this year. The Times is trying to recover from the loss in advertisement money.
Earlier this year, the Times reduced it's salaries by 5%. This is also the second time in a little over a year that the Times has had to cut it's staff. In 2008, 100 jobs were also cut.
Many other publishers are also in this situation so The New York Times does not stand alone. The Times is cutting the jobs either by buyouts or layoffs. They are trying to do the best they can for their employees.
(Photo Credit: flickr)
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