NYTimes Cuts Announced

From yesterday:

In the midst of a deteriorating advertising climate, The New York Times plans to eliminate up to 20 newsroom positions and seek additional savings in the business units, the company said Thursday.

The reductions, described by the New York Times Company as a rebalancing, were announced to employees on Thursday morning. The company will seek volunteers for buyouts in The Times newsroom, Jill Abramson, the paper’s executive editor, said in a memo to the staff, adding that no newsroom employee would be laid off. She said there would be “fewer than 20” buyouts.

The Times will also seek to cut costs on the business side by eliminating positions that are vacant and by offering a limited number of buyouts, said an executive who insisted on anonymity because the company was not commenting publicly on the details or scale of the reductions.

Not commenting publicly, eh?