A report on the paper's website states that due to
growing financial strains
The cuts will be achieved “by not filling jobs that go vacant, by offering buyouts, and if necessary by layoffs,” the executive editor, Bill Keller, said. The more people who accept buyouts, he said, “the smaller the prospect of layoffs, but we should brace ourselves for the likelihood that there will be some layoffs.”
The paper currently employs 1332 people,by far the greatest payroll in the newsprint media,and its executive editor Bill Kelner says that even so
eliminating jobs at The Times has grown harder “because the low-hanging fruit is gone, and so is some of the higher-hanging fruitand recognises that
the cuts could not help but affect the newspaper’s journalism
Once again the movement of traffic to the web is blamed for the cuts,even though the site has 20 million unique visitors.