Recently a growing number of media companies have been cutting jobs as ad revenue drops. Now NPR is joining the list by cutting 10% of its staff.
Today in a memo from CEO John Lansing NPR announced the cuts saying ad revenue was down, particularly for NPR podcasts.
“When we say we are eliminating filled positions, we are talking about our colleagues – people whose skills, spirit and talents help make NPR what it is today,” Lansing wrote in a memo to staff today. “This will be a major loss.”
NPR’s annual budget of about $300 million, Lansing said. It is expected that NPR’s revenues are likely to fall short by close to $30 million, and could reach $32 million.
“We’re not seeing signs of a recovery in the advertising market,” Lansing says in an interview with NPR. “Nothing is nailed down yet except the principles and what we know we have to reach.”
NPR said the final decision on which jobs will be eliminated should happen by the week of March 20th, 2023.