The New York Times announced last week it is cutting 100 newsroom jobs amid industry-wide declines in advertising revenue, according to Reuters.
The decision reduces its staff by 8%, bringing it down to 1,250 writers.
Despite employing fewer writers, The New York Times still employs more staff than any other American newspaper.
In the same report, executive director Bill Keller, through an e-mail to employees, stated that the company would offer voluntary severance packages to employees before resorting to compulsory layoffs.
This is the latest in a series of initiatives done to offset lost advertising revenue and recover from the company’s mounting debt.
The New York Times already let go of 100 writers back in 2008 and reduced salaries by 5% early this year.
