New York Times to Shrink Newsroom

Pedestrians pass in front of the New York Times Co. building in New York, U.S., on Wednesday, April 27, 2011. New York Times Co., publisher of the namesake newspaper, said more than 100,000 people signed up for new digital subscriptions, a sign online revenue may help offset a decline in print advertising and circulation. Photographer: Michael Nagle/Bloomberg via Getty Images
Photo: Bloomberg/2011 Bloomberg

Thirty non-union employees in the New York Times newsroom, preferably high-paid managers, are being asked to take a buyout package by January 24, the paper announced today. “There is no getting around the hard news that the size of the newsroom staff must be reduced,” said editor Jill Abramson. “I hope the needed savings can be achieved through voluntary buyouts but if not, I will be forced to go to layoffs among the excluded staff.” With Newsweek and The Daily both down, maybe the media winter redux really is upon us.