Oh No: NPR Cuts Roughly 10 Percent of Workforce

The National Public RadioNPR) is cutting roughly 10 percent of its current For the workforce The network’s financial outlook was updated recently “darkened considerably” NPR’s executive office announced on Thursday that it was experiencing declining advertising revenues.

“At a time when we are doing some of our most ambitious and essential work, the global economy remains uncertain. As a result, the ad industry has weakened and we are grappling with a sharp decline in our revenues from corporate sponsors,” CEO John Lansing wrote in a Memo The Hollywood Reporter obtained the following information from staff

The public broadcaster will join a host of tech and media companies that recently a>=”https://www.theepochtimes.com/2023-tech-layoffs-on-pace-to-surpass-2022-by-300-percent_5076262.html”>eliminated Positions As uncertainty continues to affect the industry’s financial outlook.

Lansing wrote in his memo that NPR expected a budget shortfall at least $30 Million, despite NPR creating a plan to address a 20 million drop in sponsorship revenue for fiscal year 2023.

Lansing noted, too, that NPR is a great resource. “fought hard to avoid this” The company previously cut expenses by $14 million, including the freezing of a majority its vacant job postings, suspending internships paid, and restricting travel non-essential. These reductions proved to be insufficient.

“To address the growing deficit, we need to further reduce our spending. With approximately 65 percent of our budget supporting personnel costs, we will need to eliminate many of the vacant positions that have been frozen. We will also need to reduce filled positions by approximately 10 percent,” Lansing added that he hoped to be in a position to announce “final decisions about the position reductions by the week of March 20.”

“When we say we are eliminating filled positions, we are talking about our colleagues—people whose skills, spirit, and talents help make NPR what it is today,” He concluded. “This will be a major loss.”

According to an estimate, the cuts will affect approximately 100 employees. NPR report.

This is the first time that public broadcaster has made a severe job cut since 2008. The network had to lay off approximately 7 percent of their workers during that financial crisis and eliminate two of its programs. “Day to Day” And “News & Notes.”

They failed to attract viewers and the shows were cancelled. “sufficient levels of audience or national underwriting necessary to sustain continued production under these tough financial circumstances,” Dennis Haarsager was the network’s ex-executive vice president. He wrote the memo in a memo to his staff.

NPR is not alone in cutting positions at news media outlets. Vox Media and Adweek are other networks. The Washington Post, and NBC News.

A Jan. 24 survey revealed that a majority of respondents were satisfied with the results. Notification Sally Buzbee addressed the following to her staff: At least 20 newsroom employees were terminated and 30 positions will be vacated.

CNNVice Media, Morning Brew and Morning Brew also laid off employees at the end 2022. Protocol, Politico’s tech news website, was also shut down.

From NTD News