The former LA Times building. (Photo by Mario Tama/Getty Images)
On Wednesday, word began to ripple through the Los Angeles Times newsroom that another round of cost-cutting was underway, adding to the turbulence the newspaper has endured over the last year. The Patrick Soon-Shiong-owned publication has been tightening its belt for months, most notably by offering voluntary buyouts to the vast majority of staffers earlier this year—an offer ultimately accepted by 40 some employees. But those measures, it now appears, didn’t go far enough. And this week, the axe began to fall again.
This latest round of layoffs, according to multiple people familiar with the situation, did not directly impact the editorial ranks in El Segundo. Instead, the cuts targeted employees on the business side of the operation—those in departments such as operations and communications. Still, the losses were substantial. I'm told that…
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