Unionized Los Angeles Times staffers are launching a one-day strike Friday — the first walkout in the newspaper’s 142-year history — in response to imminent “significant” layoffs. The Los Angeles Times Guild, which represents roughly 400 editorial employees, called for the walkout after management announced cuts Thursday that could whack as much as 20% of the 500-person newsroom, the LA Times reported. 3 Roughly 400 unionized LA TImes staffers are planning to walk out on Friday ahead of steep job cuts. 3 LA Times owner Patrick Soon-Shiong is losing roughly $50 million a year on the newspaper amid declines in advertising and print readership. Soon-Shiong, a health care billionaire, bought the LA Times from Tribune, which had changed its name to Tronc, for $500 million in 2018.

Source: Los Angeles Times January 19, 2024 16:52 UTC