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LAist management laid off seven staffers this week, soon after 21 other staffers accepted voluntary buyouts. Together, the cuts resulted in an approximate 17% staff reduction.Management said the cutbacks were needed to cope with an expected $4 million to $5 million budget shortfall over two years and that buyouts alone provided insufficient savings.
LAist is the newish name for nonprofit Southern California Public Radio, which operates the National Public Radio affiliate LAist 89.3 FM, the news website LAist.com and the podcast producer LAist Studios., for the fiscal year ending June 30, 2023, showed net assets of nearly $37 million, down from nearly $44 million the year before.
She did not describe the path, but said LAist’s journalistic ambitions remain undiminished: “We will fight to continue to hold those in power to account, to bring you the fact-based journalism that you rely on; and to tell the stories directly out of your community.”On Thursday, as layoff notifications began, Muller declined an interview request, referring a reporter to another executive who issued a written statement.
Among the largest losses were those at the the Washington Post, which late last year set out to reduce its staff by roughly 10% by cutting about 240 jobs. It said it met its target through voluntary buyouts.
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