NPR, one of the leading public radio networks in the US, announced today that it will be cutting 10% of its staff due to a decrease in ad revenue.
The company said that the cuts, which will affect the network’s news, programming, and digital departments, will be necessary to ensure its financial stability.
“This is a major loss for NPR,” said CEO John Lansing. “We are deeply saddened by the need to make this decision, but we must prioritize our financial stability in order to continue to provide quality content to our listeners.”
The network has seen a decrease in ad revenue in recent months due to the ongoing pandemic, which has had a major impact on the media industry. NPR said that the cuts will help the network stay afloat in this difficult time.
The news has been met with sadness by many in the public radio community, who worry that the cuts will have a negative impact on the quality of programming.
“This is a difficult time for everyone in public radio,” said Paul Haaga, Chairman of the Board of Directors for NPR. “We are doing our best to ensure that NPR remains a vital source of news and information for our listeners.”
The network said that it will be providing severance packages to those affected by the cuts.