The LA Times took home two Pulitzer Prizes this year, but on Wednesday, it announced it’s cutting 74 newsroom positions due to a loss of advertising revenue. Meanwhile, other news and media companies, including NPR, Spotify, and Buzzfeed News, have all recently experienced layoffs. And while the Times is owned by a mega-rich businessman, there’s only so much Soon-Shiong can subsidize. The LA Times Guild, which represents hundreds of staffers, has described the layoffs as “outrageous and reckless.” According to the guild’s co-chief steward, Reed Johnson, 57 of the union’s members, including other leaders, are being let go. The union is currently in negotiations with LA Times management to hammer out a new collective bargaining agreement.

Source: Los Angeles Times June 08, 2023 22:24 UTC