NPR announces major job cuts amid falling revenues
The outlet intends to eliminate vacant postings outright and to evenly apply cuts across the firm.
National Public Radio announced this week that it will cut roughly 10% of its workforce as the station struggles to cope with falling revenues.
CEO John Lansing announced the cuts in a memo that The Hill obtained, indicating that the firm is in dire financial straits.
"We had created a plan to address a $20M sponsorship revenue falloff for FY23 but we are now projecting at least a $30M shortfall. The cuts we have already made to our budget will not be enough," he said.
"Unlike the financial challenges we faced during the worst of the pandemic, we project increasing costs and no sign of a quick revenue rebound," he continued. "We must make adjustments to what we control, and that is our spending. We have reached a point where we can no longer protect all jobs."
The outlet intends to eliminate vacant positions outright and to evenly apply cuts across the firm, per The Hill.
Ben Whedon is an editor and reporter for Just the News. Follow him on Twitter.