The early news was that no more than 100 layoffs and/or buyouts were expected at the New York Times before the end of the year. A statement released by the Newspaper Guild Tuesday claims that the number is closer to 110. And they are not happy about it:
Despite having announced its target of reducing newsroom staff by 100 – and accepting the buyout applications of 57 Guild members and nearly 30 excluded employees – The Times told the Guild on Monday that it would lay off another 21 Guild-represented employees this week. Whatever the total (the number of excluded employees to be laid off is not known at this time), the company clearly will exceed its stated goal of 100 job cuts.
According to Capital New York, those being let go will receive two weeks pay. Those with the Times going back to May 1, 1994 could receive as much as 15 weeks’ worth of severance pay.
Last year, the New York Times cut 30 jobs.
After it became clear that President Obama’s economic policies had failed horribly, one of the tactics the mainstream media employed to downplay this fact was the term “Funemployed.” The idea behind “funemployment” is that people are thrilled to enjoy all the free time that came with joblessness in the Obama Economy.
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