The New York Times plans to eliminate another 100 newsroom jobs. Just a few years ago, according to this article in the New York Times, the newsroom had 1,330 employees, a number which is hard to imagine. 

Full story here

Here is the first few paragraphs of the story:

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.

Fred R. Conrad/The New York Times

The program mirrors one carried out in the spring of 2008, when the paper erased 100 positions in its newsroom, though other jobs were created, so the net reduction was smaller. That round of cuts included some layoffs of journalists — about 15 to 20, though The Times would not disclose the actual figure — which was the first time in memory that had happened.

The paper has made much deeper reductions in other, non-newsroom departments, where layoffs have occurred several times. But the advertising drop that has pummeled the industry has forced cuts in the news operation as well. The newsroom already has lowered its budgets for freelancers and trimmed other expenses, and employees took a 5 percent pay cut for most of this year.

Nearly all papers in the metropolitan region have been cutting their news operations for years, and some have fewer than half as many people in their newsrooms as they did in 2000.

If you are a small publication or agency or advertiser it is worth noting that big companies often have the same issues you do, but their problems are a lot bigger. 

From Today's Wall Street Journal:

Omnicom Group Inc., one of the world's largest advertising companies, reported significant declines in revenue and profit for the third quarter, battered by a steep falloff in global ad spending.

Omnicom added that the market had improved and signaled that it would be looking at possible acquisitions in the industry. "Client spending, while significantly down from 2008, is showing signs of stability," Chief Executive John Wren said on a call with analysts.

The New York company, which owns ad agencies such as BBDO Worldwide and media-buying firms such as OMD, said third-quarter profit fell 23% to $165.6 million, or 53 cents a share, from $213.6 million, or 68 cents a share, a year earlier. Revenue for the quarter fell 14% to $2.84 billion, just shy of analysts' estimates.

Full story here.