Monday, February 22, 2010

Urgent: NYT Co. employment plunged 18% in 2009

[Chart shows annual workforce change among five divisions]

On a wave of layoffs and other job cuts, employment across the New York Times Co. fell 18% last year from the year before, to 7,665 workers, the company just disclosed in its annual 10-K filing with the U.S. Securities and Exchange Commission. It was the steepest annual decline in the past six years for the owner of The New York Times, The Boston Globe and other media properties, documents show.

The chart, top, shows the biggest decline was at the NYT Media Group, which includes the Times flagship itself; total employment in the division fell 21% to 3,222 workers. But much of that drop came from the closing of the City & Suburban distribution company. The shuttering was announced in 2008, but didn't take place until early last year.

Employment in the New England Media Group, including the Globe and the Worcester Telegram & Gazette, fell 17%.

Company-wide employment by year:

Related: a complete list of the company's SEC filings

How is your worksite been affected by job cuts? Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.

[Image: today's Telegram & Gazette, Newseum]

1 comment:

  1. Part-time copy editor at Telegram & Gazette in Worcester. Took a buyout in 2001 and they called back for help. 3 days, 2 days, one day now. Paper has maintained some decent reporting but stenography and use of amateur labor is on the rise.


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