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Elishasaics

24 Jan 2024 - 11:17 pm

Los Angeles Times slashes more than 20% of newsroom staff as the paper confronts a ‘financial crisis’
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The Los Angeles Times on Tuesday, facing what senior leadership described this week as a “financial crisis,” commenced a round of painful layoffs across the newsroom, a workforce reduction that is set to be one of the most severe in the newspaper’s 142-year history.
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The cuts will impact at least 115 journalists, the newspaper reported, or slightly more than approximately 20% of the newsroom. Some 94 of those cuts will be among unionized employees, union chief Matt Pearce said, meaning a quarter of the union will be laid off.

Pearce described the total number of employees being laid off as a “devastating” figure, but said it was “nonetheless far lower than the total number” expected last week.

A spokesperson for The Times, which is owned by biotech billionaire Dr. Patrick Soon-Shiong, did not immediately comment.

The newspaper, which houses the largest newsroom in the western US, has plunged into disarray in recent weeks as it faces a major financial shortfall, losing tens of millions of dollars a year. Its top editor, Kevin Merida, suddenly announced his departure. And two of the four members of an interim leadership team announced by Soon-Shiong have also abruptly exited in recent days.

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24 Jan 2024 - 09:41 pm

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24 Jan 2024 - 08:41 pm

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24 Jan 2024 - 07:30 pm

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24 Jan 2024 - 05:35 pm

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24 Jan 2024 - 03:13 pm

Alaska Airlines CEO says company found loose bolts on ‘many’ Boeing Max 9s
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Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” on Tuesday.

It was the CEO’s first interview since a door plug on one of its Max 9 airplanes shot out from the side of the fuselage only a few minutes into a flight from Portland, Oregon, to Ontario, California, forcing the pilot to make an emergency landing.

“I’m more than frustrated and disappointed. I am angry. This happened to Alaska Airlines. It happened to our guests and happened to our people,” Minicucci said, according to excerpts released ahead of the interview’s airing.

“Boeing is better than this. Flight 1282 should never have happened,” Minicucci said during the interview.

Boeing’s 737 factory will have what the company calls a “quality stand down” at its Renton, Washington facility Thursday, the company announced Tuesday.

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24 Jan 2024 - 02:54 pm

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