There won’t be layoffs in the New York Times newsroom — not yet, at least.
New York Newspaper Guild members working for the paper voted 377 to 36 in favour of accepting the same 5% paycut the company set for non-union members a month ago.
Like the rest of the NYT’s employees, union members will get an additional 10 days off. The cut is supposed to save the New York Times Company (NYT) $4.5 million.
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