The news comes as parent The New York Times Co. says that it, too, will make staff cutbacks, including voluntary buyouts and layoffs. Times spokeswoman Catherine Mathis said the digital unit will only be doing layoffs. Times officials are not saying how many people would lose their jobs.
In the e-mail, Nisenholtz said, "The actions we undertake now are meant to ensure the continued long-term prosperity of our business and position us to achieve profitability in 2002. I have great confidence in our shared vision, intellect and values, and I know that we will emerge from this turbulent period stronger than ever."
In January, the unit let go 69 people. It currently has 325 employees. -- Catharine P. Taylor
Copyright April 2001, Crain Communications Inc.