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Dr. Patrick Soon-Shiong, the billionaire owner of the Times, said in an interview with his paper that it was losing $30 million to $40 million a year and needed to make more progress in building a larger audience.
The Los Angeles Times has laid off about 20% of its newsroom staff, amounting to at least 115 employees losing their jobs.
The Los Angeles Times said it planned to lay off at least 115 employees — more than 20% of the newsroom — starting Tuesday, one of the largest staff cuts in the newspaper's 143-year history. The announcement came after the LA Times Guild walked off the job last Friday to protest the imminent layoffs, the institution's first ever newsroom union work stoppage. Matt Pearce, president of the Media Guild of the West, which encompasses the Times' union, called Tuesday a “dark day.”
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LOS ANGELES — The Los Angeles Times plans to lay off 94 newsroom employees — one-fourth of its newsroom staff — starting Tuesday, a number that is substantial but less than feared, the head of the journalists union said. The announcement comes after the LA Times Guild walked off the