The New York Times begins firing 21 union-represented staff Tuesday, while 87 others, guild and non-guild, have already accepted buyout offers.
Targeted staffers are expected to receive the news today or Wednesday. Many of those laid off will receive two weeks of notice pay, but those who began at the paper of record before May 1, 1994 can receive pay for 15 weeks of work.
Oddly, according to the Guild (union), the Times has hired "numerous new employees over the past six months and made no effort to retrain long-term employees".
So why is this happening? In large part, it seems to be due to the fact that the paper is increasingly viewed as a left-wing mouthpiece rather than as an objective journalistic organization, and they've been losing subscribers at a remarkable clip. But this is a fine illustration of the relative success of their business model, and should they choose to continue along this path, it's likely that they'll be reaching dozens in 2016.