From Russ Stanton:
Earlier this month, I promised to give you details of the job cuts when I had them. Here they are:
Today, editors will begin notifying most of the 150 people who will be leaving us, and we hope to complete that process within a matter of days. Some of our co-workers will be leaving today, many at the end of this week, others in the weeks to come.
Those leaving will be given detailed information about the severance package they will receive, which includes one week of pay for every six months of service, up to one year. All of those directly affected by this cutback will have departed by Friday, Aug. 29.
The days and weeks ahead will be difficult ones, filled with pain, anger and sadness. All of us need to respect the feelings of those who are leaving us, and the editors who are being asked to handle duties they did not seek.
As I've said before, I deeply regret that these cost-saving moves will result in the loss of work for the many people who have served this company well. The best way we can honor them, and to show our readers and our peers that the Los Angeles Times will continue to produce first-rate journalism, is to stay focused on our work.