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New York Times to cut jobs as new products disappoint

The New York Times Co will cut 100 newsroom jobs and a smaller number of positions from its editorial and business operations

Reuters 

The New York Times Co said on Wednesday it would cut jobs, including about 7.5 per cent of newsroom positions, to lower costs as advertising revenue from its print business dwindles and new products fall short of expectations. The company's shares rose as much as nine per cent. The publisher will cut 100 newsroom jobs and a smaller number of positions from its editorial and business operations, offering buyouts and resorting to lay-offs if enough employees do not leave voluntarily, it said in a letter to staff. NYT Opinion, a mobile app dedicated to opinion content, will be shut down ...

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First Published: Thu, October 02 2014. 00:12 IST
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