NPR announced it would be laying off at least 100 people amid its “slipping” revenue.
NPR CEO John Lansing said in a Wednesday memo that the staffing cuts equate to 10% of the network’s staff.CEO John Lansing says ad revenue for podcasting shriveled even as general economy seems on mend.My story: https://t.co/i14iUXJtDgCNN EYES RATINGS REBOUND: POTENTIAL CHARLES BARKLEY HIRE HAS STAFF UPSET
“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,” Lansing’s memo read. “This will be a major loss.” Lansing said revenues are expected to be around $30 million short of NPR’s annual budget of $300 million.
“We were doing everything we could against the tide and couldn’t keep clipping our costs as the revenue kept slipping,” Lansing said. “And we finally got to the point where there was nothing really that we could cut big enough to fill a hole like that.”NPR has also frozen all hiring since November in an effort to compensate for a $20 million loss in advertising.
Lansing said the departments to be affected by the cuts have yet to be determined. Final decisions are expected by March 20.
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