The New York Times plans to cut about 100 newsroom jobs as well as a smaller number of jobs from its editorial and business operations, the paper announced Wednesday. That's about 7 and a half percent of the staff. 

The Times hopes to make the cuts through voluntary buyouts but will start layoffs if not enough buyouts are taken. 

"The job losses are necessary to control our costs and to allow us to continue to invest in the digital future of The New York Times, but we know that they will be painful both for the individuals affected and for their colleagues,” a note from Publisher Arthur Sulzberger and New York Times Co. CEO Mark Thompson to employees said.

The Times also says some of its new digital initiatives aren't working out as planned.

NPR media correspondent David Folkenflik shares more.