Last October, the Times said it would cut 75 newsroom jobs. Times said it would cut up to 300 jobs, or about 11% of its news staff. In January 2009, Mexican billionaire Carlos Slim agreed to invest $250 million in the publisher, the latest in a series of moves by the newspaper publisher to shore up its finances. In 2008, the Times newspaper eliminated 100 newsroom jobs - primarily through buyouts, but also with some layoffs - but with hiring for new positions, the net reduction was about half that. In March, the paper announced plans to cut the pay of most employees by 5% for nine months, in return for 10 days' leave, and said it would lay off 100 people. The cuts were completed in December and were a mix of buyouts and layoffs. In October 2009, the New York Times said it plans to shed 100 jobs from its nearly 1,300-person newsroom by the end of the year. In December 2007, the paper accepted buyouts equivalent to about 10% of the paper's staff. USA Today suffered fewer cuts than the company's other papers. Gannett has required weeklong, unpaid furloughs for all employees in both the first and second quarters of 2009. ![]() USA Today laid off 20 people from its newsroom in November 2008 - a reduction of nearly 5%. In December 2009, USA Today said the newspaper would cut 26 jobs. Thirty jobs were eliminated in the summer of 2008. In February, the paper laid off 14 editorial employees in February, after the voluntary departures of 11 journalists in the previous couple of months. WSJ closed its Boston bureau in October 2009, affecting nine reporters.
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