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14.02.2024 (05:09)
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Los Angeles Times slashes more than 20% of newsroom staff as the paper confronts a ‘financial crisis’
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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.
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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.
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.
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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.
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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.
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.
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22.01.2024 (05:52)
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1986
Who is Lai Ching-te, Taiwan’s new President?
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Lai Ching-te, a former doctor from a poor mining family, was propelled into politics by a military crisis in the Taiwan Strait 27 years ago.
Now, the soft-spoken political veteran is tasked with preventing another one from happening as the newly elected leader of the self-ruled island that China’s Communist Party has vowed to one day absorb.
On Saturday, Lai, 64, the current vice president from the ruling Democratic Progressive Party (DPP), won a widely watched election to become Taiwan’s next president.
His victory handed the DPP a historic third consecutive term, delivering a snub to years of growing threats from Taiwan’s much-larger authoritarian neighbor, China.
“The election has shown the world the commitment of the Taiwanese people to democracy, which I hope China can understand,” Lai told thousands of jubilant supporters at a rally after his win.
Lai, who has long faced Beijing’s wrath for championing Taiwan’s sovereignty, said as president he has “an important responsibility to maintain peace and stability in the Taiwan Strait,” pledging to pursue dialogue with China under the principles of dignity and parity.
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Lai Ching-te, a former doctor from a poor mining family, was propelled into politics by a military crisis in the Taiwan Strait 27 years ago.
Now, the soft-spoken political veteran is tasked with preventing another one from happening as the newly elected leader of the self-ruled island that China’s Communist Party has vowed to one day absorb.
On Saturday, Lai, 64, the current vice president from the ruling Democratic Progressive Party (DPP), won a widely watched election to become Taiwan’s next president.
His victory handed the DPP a historic third consecutive term, delivering a snub to years of growing threats from Taiwan’s much-larger authoritarian neighbor, China.
“The election has shown the world the commitment of the Taiwanese people to democracy, which I hope China can understand,” Lai told thousands of jubilant supporters at a rally after his win.
Lai, who has long faced Beijing’s wrath for championing Taiwan’s sovereignty, said as president he has “an important responsibility to maintain peace and stability in the Taiwan Strait,” pledging to pursue dialogue with China under the principles of dignity and parity.
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