NPR to Cut 10% of Workforce as Ad Revenue Slumps

NPR will lay off 10% of its workers, or at least 100 employees, as the public radio broadcaster has been pinched by a slowdown in advertising and sponsorship revenue particularly for its lineup of podcasts. Final decisions about which jobs will be cut are expected to be made by March 20, in consultation with unions representing NPR’s workers, according to a memo NPR CEO John Lansing sent to staff Wednesday. The not-for-profit organization has a yearly budget of about $300 million; in 2023, revenue is likely to fall short of that by $30 million-$32 million, he said, according to an… Read Full Article