LA Times staffers say ~150 of their colleagues were laid off today in a Zoom webinar by HR with chat disabled and no Q&A.
The layoffs at the LA Times have little to do with business performance.
Major newspapers nowadays are vanity projects for billionaires, and when billionaires eff up, it's the staff who pay the price.
Billionaires own newspapers for the same reason they owned papers during the 1890's Gilded Age: to control the narrative.
https://meduza.io/en/news/2024/01/23/german-court-bans-forbes-from-saying-billionaire-alisher-usmanov-fronted-for-putin