The union credited the walkout on Friday with helping to save “scores of newsroom jobs,” but the newsroom now looks to be less than 400 people. Statement from the @latguild on today's mass layoffs at the @latimes: pic.twitter.com/uRPWcMJqpf — L.A. Times Guild 🦅 (@latguild) January 23, 2024 Staffers who were laid off have been posting message on X/Twitter all day long. Patrick Soon-Shiong, the owner of the Times, said in an interview with James that the paper was losing $30 million to $40 million a year. In an interview Soon-Shiong wrote that the Times has had losses surpassing $100 million in operational and capital expenses. He told James that the walkout “did not help,” but that they had a “real plan” for the future.

Source: Los Angeles Times January 23, 2024 19:16 UTC