JUST IN: New York Times Reveals Why They Just Cleared 8 Floors Of Their Building, Leaves Employees In Shock

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Hard times have hit the New York Times due to a massive drop in financial earnings They have seen a 95.7% drop in the last quarter alone.  It is little wonder given the all out war that they waged on President-elect Donald Trump during the 2016 Presidential election.  The NYT played more of a public relations type role for Democrat nominee, Hillary Clinton, instead of reporting the news.

According to an internal memo from executives Arthur Sulzberger and Mark Thompson, the NYT is planning to vacate “at least eight floors” in its Manhattan headquarters as part of a plan to cut costs, generate rental income, and redesign office space.

CEO Mark Thompson states the company…

“...made the decision to consolidate our footprint across the building to create a more dynamic, modern and open workplace, one that is better suited to the moment.

We’re planning significant investments in a redesign of our existing space in order to facilitate more cross-departmental collaboration. We expect a substantial financial benefit as well. All told, we will vacate at least eight floors, allowing us to generate significant rental income.”

It is unclear if the NYT will also be distributing the accompanying pink slips as part of their cost-cutting efforts, however as the letter adds –

 “…in the end, these changes will impact every employee at 620 Eighth Ave. In the near term, we will have to move about 400 employees out of the building to nearby office space while the first phase of work is completed.

We expect that group, which includes parts of marketing, technology, the newsroom, news services, corporate finance and print products and services pre-press operations, to move in the first quarter and return by the end of 2017. Your manager will notify you if your position is affected by this temporary move. We understand and appreciate the disruption this will inevitably cause and we will do everything in our power to mitigate it.”

New York Times building.

Additionally, the NYT publisher and CEO are losing their corner offices.  As a means to cushion the blow, the memo refers to the corner offices as a  “vestige from a different era.”  Instead, they intend to “introduce more team rooms and common spaces.”

The remaining staff will be consolidated on the remaining, redesigned floors in a “more dynamic, modern and open workplace, one that is better suited to the moment.”

I wonder if they have figured out that the leftist, politically correct drivel that they have been writing, working as the propagandist arm for the Hillary Clinton campaign, rather than writing actual NEWS is a significant portion of their financial issues?

h/t – Breitbart



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