The New York Times Company (NYSE: NYT) is laying off some 100 business-side employees and cutting non-union salaries across the board. NYFishbowl has the memo, which also outlines a “temporary” 5 percent salary reduction for all non-union employees. (The actual cut varies by division.) In an attempt at softening the blow, NYT execs say staffers can take an additional 10 personal days off over the next nine months. The memo contains a promise that salaries will return to current levels next year, adding, “Of course, such a decision depends on the state of our business.”

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