New York Times to Downsize Newsroom as Ad Revenues Falter

In an effort to reduce expenses amid continuing ad revenue declines, The New York Times is offering buyouts to newsroom employees. The paper is seeking to reduce the size of its newsroom by 30 in total.

"The economic environment has grown more difficult in the second half of the year and I must reduce costs in the newsroom," Jill Abramson, executive editor of The New York Times, wrote in a memo to staff Monday morning. "There is no getting around the hard news that the size of the newsroom staff must be reduced."

Non-union employees will be receiving buyout packages in the next few days. Union members are being asked to consider voluntary buyouts as well.

"I hope the needed savi…
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