Conde Nast staff stage walkout against layoffs
Hundreds of staff at Conde Nast, the parent company behind publications Vogue and Vanity Fair, walked out in protest of looming layoffs.
Source: thesouthafrican.com
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Los Angeles Times to lay off 20% of newsroom, one of th...
The Los Angeles Times says it plans to lay off at least 115 employees — more than 20% of the newsroom
Source: accesswdun.com
LA Times Lays Off 115 Newsroom Journalists Amid Financial Crisis
The Los Angeles Times fired 115 journalists in the newsroom to recover from financial losses. The Los Angeles Times announced it was laying off 115 journalists in the newsroom starting Tuesday as billionaire owner Patrick Soon-Shiong looks to stem losses that have grown to $30 to $40 million a year.
Source: hngn.com
Los Angeles Times' to Lay Off 115 Employees, Marking a "Dark Day" in the Newspaper's 143-Year History
The layoffs were deemed necessary as the Los Angeles Times could not sustain annual losses of up to $40 million annually without increasing advertising and subscription revenue. Read more.
Source: jobsnhire.com
Los Angeles Times layoffs: Over 20% of newsroom, at least 115 jobs
"This total, while devastating, is nonetheless far lower than the number of layoffs the Bargaining Committee was expecting last week.”
Source: fortune.com