New York Times Warns of Looming Budget Cuts, Smaller Newsroom

The New York Times is warning its staff that budget cuts and staff reductions loom as the paper looks ahead to the future, according to a study by the outlet about how the newsroom will operate in the future.

Dean Baquet, New York Times’ executive editor, and Joe Kahn, managing editor, said that the outlet’s transformation would require budget cuts and lead to a “smaller and more focused newsroom,” a move that will prompt buyouts and layoffs, which are expected this year.

“We view this moment as a necessary re-positioning of The Times newsroom, not as a diminishment,” they said.

The Times did say, however, that it will invest $5 million toward covering President-elect Donald Trump and his administration.

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[ Covering President-elect Donald Trump and his administration with what? --Editor ]