'NYT' To Axe 12 Newsroom Jobs, Promises Management Cuts Next Year
NEW YORK Bill Keller, executive editor of The New York Times, in a memo to staff today announced "that there are going to be layoffs in the newsroom, for the first time in recent memory." He added that a "hiring freeze" will continue, with open positions filled internally, and next year "we also expect to eliminate a few management jobs in administrative areas."
For now, a dozen "support" workers will be getting the axe, but Keller said the paper has still been able "to avoid the kind of drastic staff cutbacks other news organizations have endured."
Keller noted, "As we approach 2008, it is clear that the newsroom is going to have to do even more to tighten spending, and to help the publisher and the Times Company meet the difficult financial challenges facing our industry. While we are committed to retaining our competitive muscle, we will be facing some tough choices about where to save.... More here:
NEW YORK Bill Keller, executive editor of The New York Times, in a memo to staff today announced "that there are going to be layoffs in the newsroom, for the first time in recent memory." He added that a "hiring freeze" will continue, with open positions filled internally, and next year "we also expect to eliminate a few management jobs in administrative areas."
For now, a dozen "support" workers will be getting the axe, but Keller said the paper has still been able "to avoid the kind of drastic staff cutbacks other news organizations have endured."
Keller noted, "As we approach 2008, it is clear that the newsroom is going to have to do even more to tighten spending, and to help the publisher and the Times Company meet the difficult financial challenges facing our industry. While we are committed to retaining our competitive muscle, we will be facing some tough choices about where to save.... More here:
They're probably wondering what they did to deserve this -- LMAO.
I'm so sad one of the main enemies of America is losing its business. *Sniff*
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Some day, it will occur to them that the fiendish network of interns (the internet) is at least partially responsible for their downfall.
I don't know about the rest of you, but my hands don't get smeared with ink when I read the news on the web or on my blackberry.
In the immortal words of Larry the Liquidator...
This company is dead.
I didn't kill it. Don't blame me.
It was dead when I got here. It's too late for prayers. For even if the prayers were answered and a miracle occurred . . . and the yen did this and the dollar did that . . . and the infrastructure did the other thing, we would still be dead.
You know why?
Fiber optics. New technologies. Obsolescence.
We're dead, all right. We're just not broke.
And do you know the surest way to go broke?
Keep getting an increasing share of a shrinking market. Down the tubes. Slow but sure.
You know, at one time there must have been dozens of companies making buggy whips. And I'll bet the last company around was the one that made the best goddamn buggy whip you ever saw.
Now, how would you have liked to have been a stockholder in that company?
You invested in a business, and this business is dead. Let's have the intelligence--let's have the decency--to sign the death certificate, collect the insurance, and invest in something with a future.
"But we can't," goes the prayer. "We can't, because we have a responsibility, a responsibility to our employees, to our community. What will happen to them?"
I got two words for that: who cares?
Care about them? Why? They didn't care about you. They sucked you dry. You have no responsibility to them. For the last ten years, this company bled your money.
Did this community ever say, "We know times are tough. We'll lower taxes, reduce water and sewer"? Check it out. You're paying twice what you did ten years ago.
And our devoted employees who have taken no increases for the past three years . . . are still making twice what they made ten years ago.
And our stock, one-sixth what it was ten years ago.
Who cares?
I'll tell you.
Me.
I'm not your best friend. I'm your only friend.
I don't make anything? I'm making you money.
And lest we forget, that's the only reason any of you became stockholders in the first place. You want to make money. You don't care if they manufacture wire and cable, fried chicken, or grow tangerines! You wanna make money!
I'm the only friend you've got. I'm making you money.
Take the money. Invest it somewhere else. Maybe . . . maybe you'll get lucky, and it'll be used productively. And if it is, you'll create new jobs and provide a service for the economy and, God forbid, even make a few bucks for yourselves.
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