While we're still waiting for the latest axe to fall at the Los Angeles Times, the New York Times says it will cut 100 people out of the newsroom. Buyouts will be tried first, then layoffs if necessary. The current headcount is 1,250, the NYT says, adding that "no other American newspaper has more than about 750." The buyout package will go to everybody. The staff already took a 5% pay cut this year.
New York Times