Tribune Co. Announces As Many as 250 Layoffs
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The Chicago Tribune and the Los Angeles Times disclosed plans yesterday to reduce their staffs by as many as a combined 250 jobs, the latest cutbacks in a newspaper industry reeling from a falloff in advertising and circulation. The actions by Tribune Co.’s two largest dailies come on top of earlier cutbacks by both papers.
The Times said it hoped to cut its staff of 2,625 by up to 150 employees, or nearly 6%. The Chicago Tribune said it intends to trim its staff by as many as 100, or 3%. The cuts are to be achieved by a mix of closing vacant positions, attrition, buyouts, and layoffs.
“The actions being undertaken at our newspapers reflect fundamental changes going on across the media industry,” Tribune Co. spokesman Gary Weitman said.
