Circulation for the New York Times has dropped in the last year and, earlier this year, they reported a $74 million quarterly loss. Last year they reduced their newsroom staff by 100 jobs. Now, another 100 jobs are being cut.
From Media Decoder @ the NYT:
The New York Times plans to eliminate 100 newsroom jobs — about 8 percent of the total — by year’s end, offering buyouts to union and non-union employees, and resorting to layoffs if it cannot get enough people to leave voluntarily, the paper announced on Monday.