The Market Loves The New York Times Layoffs

f?id=49cbc1574b5437f900b30572

It’s not enough cost cutting for us, but the market loves the New York Times layoffs and pay cuts. The stock was up over 7.00% to $4.89/share last time we checked.

Cut the newsroom 30% like we want and maybe the stock get a little closer to its 52-week high, $21.14

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.