New York Times cuts nearly 50 non-newsroom jobs

New York, May 5 (ANI): American daily newspaper the New York Times has confirmed shedding about 50 jobs this week from human resources , legal, finance and other non-newsroom departments.

According to the company spokesman, Robert Christie, the layoffs did not affect any positions in the newsroom.

Christie, however, declined to specify how many people were let go in the latest round of cuts, which took place on Wednesday.

He said that this step was taken to address the challenges the company and industry face due to the volatility in the economy.

"We are constantly evaluating ways to rebalance and manage our operations to adjust to the changing business environment, with a goal of maintaining our financial health," he added.

The New York Times, like other newspaper owners, has grappled with revenue declines by selling assets and reducing head-counts in recent years.

The business side of The Times has suffered more severe cuts than the newsroom, particularly as the company has sold off its television stations and its regional newspapers. (ANI)