NPR to Cut 10% of Workforce as Ad Revenue Slumps
variety.comTodd Spangler NY Digital Editor 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 NPR report. “At a time when we are doing some of our most ambitious and essential work, the global economy remains uncertain.
As a result, the ad industry has weakened and we are grappling with a sharp decline in our revenues from corporate sponsors,” Lansing wrote in the memo, according to the New York Times.
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