By: E&P Staff The Los Angeles Times' newsroom has shrunk -- again.
The newspaper plans to cut 75 jobs, or 10% of its total staff. It is the second round of news staff layoffs since a previous round was announced in July.
Editor Russ Stanton told staffers in a memo, "I appreciate your patience, understanding and cooperation during this difficult period."
The Times, owned by Chicago-based Tribune Co., remains in the top 25 dailies by circulation in the U.S., with a Monday-through-Friday average of 739,147 -- down 5.20% from this time last year, according to the new FAS-FAX report released Monday from the Audit Bureau of Circulations.
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The complete memo follows:
Colleagues,
The growing economic downturn is forcing us to undergo another round of job reductions and cost cuts. I deeply regret to report that today, 75 of our friends, colleagues and capable staff members in Editorial will be told that they are losing their jobs. This is about 10% of our total staff and these cuts are comparable in scale to those made on the business side of The Times last week.
The severance terms being offered to our colleagues are similar to those offered in the other reductions we've faced this year.
I appreciate your patience, understanding and cooperation during this difficult period. Your department heads and the senior editing team, including John, Davan, Meredith and I, are available to hear your concerns and answer any questions.
Russ Stanton
Editor
Los Angeles Times
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