The Times lays off 40% of its staff in one day. A momentous cut by just about any standards. Interestingly, they're going to be giving away printed copies to local government offices next year - I assume in a vain attempt to maintain presence within the halls of power. Also appears that they will be charging for digital content.
This is a publication on the cusp within an industry steeped with trouble. Even with the deep pockets of the Times' owners, you have to wonder how many months are left before the doors are locked forever.
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