If newspapers are suffering a death by 1000 cuts, the next 100 will be made at the New York Times. The company today announced plans to reduce its newsroom staff by eight percent by the end of 2009. Cuts will be made by buyout, but the company will resort to layoffs should its hand be forced.
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In advance of its shareholder meeting today, Google is holding a press event at its Mountain View, Calif., campus with CEO Eric Schmidt presiding. Also on hand: Dave Drummond, senior vice president of corporate development; Susan Wojcicki, vice president for product management, and Marissa Mayer, vice president, search products and user experience. Hot topics of the day: Google’s and Apple’s interlocking boards, YouTube and the company’s thoughts on the econalypse, AOL and netbooks.
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The week just passed melded Inauguration week and the first week of earnings reports into one giant package filled with exuberance and resignation. Conventional wisdom says to start with the bad news and end with the good news, but that’s not how it went down: It started high with the momentum and promise of change embodied by Barack Obama’s inauguration as the 44th President of the United States and ended low with some heavy hitters feeling the pain of the downturn.
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