"Los Angeles Times Faces Turmoil: Massive Newsroom Layoffs and Senior Editor Departures"
The Los Angeles Times announced it will lay off about 115 journalists, reducing its newsroom by over 20% as the paper faces significant financial challenges, with losses of $30 million to $40 million a year. The cuts come after the departure of top editors and a strike by workers. The billionaire owner, Patrick Soon-Shiong, emphasized the need to build a larger audience and stated that the paper had not done layoffs in the first years of the pandemic. The layoffs affect various departments, including the business desk and Washington bureau, and come after negotiations between the union and Times management.