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New York Times extends retrenchment with 100 job losses

on Oct 2, 2014 | 0 comments

By John Glenday

The New York Times has announced it is to continue a programme of layoffs and cutbacks with the loss of a further 100 posts from its newsroom and discontinuation of its NYT Opinion app just four months after its launch.

It is the latest in a series of belt tightening moves by the paper as it battles to reallocate resources away from its flagging print operation toward digital initiatives.

The NYT has struggled to attract subscribers in sufficient volume to cover its costs a position which has also seen the publisher relegate its NYT Now app to a smartphone only product aimed Read full story ›

Source: The Drum