Los Angeles Times lays off more than 20% of newsroom staff as the paper confronts 'financial crisis'

"Today's decision is painful for all, but it is imperative that we act urgently and take steps to build a sustainable and thriving paper for the next generation," Soon-Shiong told James. "We are committed to doing so."

"Today's decision is painful for all, but it is imperative that we act urgently and take steps to build a sustainable and thriving paper for the next generation," Soon-Shiong told James. "We are committed to doing so."

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