Contact Form

    News Details

    LA Times slashes more than 20% of newsroom staff as paper confronts ‘financial crisis’
    • January 23, 2024

    The Los Angeles Times on Tuesday, facing what senior leadership described this week as a “financial crisis,” commenced a round of painful layoffs across the newsroom, a workforce reduction that is set to be one of the most severe in the newspaper’s 142-year history.

    The cuts will impact at least 115 journalists, the newspaper reported, or slightly more than approximately 20% of the newsroom. Some 94 of those cuts will be among unionized employees, union chief Matt Pearce said, meaning a quarter of the union will be laid off.

    Pearce described the total number of employees being laid off as a “devastating” figure, but said it was “nonetheless far lower than the total number” expected last week.

    Related Articles

    Business |

    US OKs $2.5 billion for high-speed rail connecting Southern California and Las Vegas

    Business |

    California suffers largest job-growth drop in US

    Business |

    ‘Shell game’: When private equity comes to town, hospitals can see cutbacks, closures

    Business |

    Gambling risks rise for young people. How to lower the stakes

    Business |

    Trader Joe’s 2024 winners: Customers’ 9 favorite products

    A spokesperson for The Times, which is owned by biotech billionaire Dr. Patrick Soon-Shiong, did not immediately comment.

    The newspaper, which houses the largest newsroom in the western US, has plunged into disarray in recent weeks as it faces a major financial shortfall, losing tens of millions of dollars a year. Its top editor, Kevin Merida, suddenly announced his departure. And two of the four members of an interim leadership team announced by Soon-Shiong have also abruptly exited in recent days.

    ​ Orange County Register