The Times is expecting to make around 20 compulsory redundancies after confirming today that 40 staff had opted to leave the paper under its voluntary redundancy scheme.
James Harding, editor of The Times, is understood to have briefed staff today on the need to make a number of compulsory redundancies as the voluntary process set in motion last month had not been sufficient to meet the targeted cut to editorial budgets.
Last month, Harding told staff that Times Newspapers Limited, the News International subsidiary which is home to The Times and The Sunday Times, was losing a “significant amount of money”.
In addition, Harding said The Times needed to reduce editorial cost by ten per cent to “free up resources for the future of our journalism”.
The editorial cut at The Times is being mirrored across its sister paper, the Sunday Times, where a number of job losses are also expected.
Pre-tax losses for the Times and Sunday Times in the year to June 2009 increased to £87.7m from £50.2m the year before.
Both The Times and The Sunday Times launched new websites last week ahead of a planned paywall introduction later this month.