An inside source tells me the Times is facing massive layoffs. The Wall Street Journal is now in the process of laying off large numbers of people and the Financial Times will soon follow.
Well as I have said a couple of times here, I was a loyal
subscriber to the Wall Street Journal. When I taught courses in introductory finance, I strongly encouraged students to
subscribe to the Journal at the student rate which was quite good.
Then a few years ago Thomas Frank wrote an article in the Journal praising Bill Ayers and Bernardine Dohrn;at point I was done with the Journal and have not read it since that time (except an excerpt published on FR).
“The Wall Street Journal is now in the process of laying off large numbers of people ...”
I noticed in the past few weeks that the content volume of the weekday WSJ has been drastically reduced; it has gone from four sections to two on most days.