NPR cancels podcasts, lays off staff in major restructuring.

1 min read
Source: Fox News
NPR cancels podcasts, lays off staff in major restructuring.
Photo: Fox News
TL;DR Summary

National Public Radio (NPR) has cut 10% of its workforce, impacting roughly 100 employees, and canceled four podcasts due to a projected $30 million drop in ad revenue in 2023. The cuts come as part of a cost-cutting effort to secure the future of NPR, with most impacted staff remaining on the payroll until the end of April. NPR's CEO has signaled management to work with its charitable foundation to seek more funding if a deficit continues to widen. The media industry has seen a cost-cutting bloodbath in recent months, with several high-profile news organizations slashing headcount and announcing looming layoffs as economic uncertainty plagues the industry.

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