Los Angeles Times slashes more than 20% of newsroom staff as the paper confronts a ‘financial crisis’

January 24, 2024

The cuts will impact at least 115 journalists, a person familiar with the matter told CNN, or slightly more than 20% of the newsroom. “The LA Times Washington bureau was decimated,” Sarah Wire, a Washington-based reporter for the Times wrote on X. A spokesperson for The Times, which is owned by biotech billionaire Dr. Patrick Soon-Shiong, did not immediately comment. “Today’s decision is painful for all, but it is imperative that we act urgently and take steps to build a sustainable and thriving paper for the next generation,” Soon-Shiong told James. Soon-Shiong told James on Tuesday, however, that he had lost the confidence of Merida and some high-ranking editors he had appointed.