Oh No: NPR Faces $300 Million Revenue Decline, Lays Off 100 Employees
Oh No: NPR Faces $300 Million Revenue Decline, Lays Off 100 Employees
On Thursday, NPR disclosed that they were stopping production on several podcasts as part of a larger series of cutbacks the nonprofit news organization has been forced to make as they confront a decline in revenue projected at $30 million.
According to the Washington Post, this week “the Washington-based audio and digital-news organization began laying off about 100 employees, or 10 percent of its staff.”
The employee layoffs mark one the most significant staff reductions in the company’s 53 years of operation.
The company’s most popular shows, All Things Considered and Morning Edition, remain in production and will continue to broadcast on public-radio affiliates but their podcast division has been reduced.
The NPR program Invisibilia, which premiered in 2015 and dealt with psychology and the social sciences, at one time topped Apple’s podcast charts but has become one of the shows the company has ended production on.
The foreign news analysis program Rough Translation and hip-hop culture show Louder Than a Riot were also axed along with the comedy show Everyone and Their Mom.
NPR has said they are “stopping production” on the shows, not that they were cancele …
