Among those departing will be editor-in-chief Jim Rich and managing editor Kristen Lee.
The paper's staff was notified via email from the human resources department which also detailed a new direction for the paper - which will increase focus on breaking news with an emphasis on crime, civil justice and public responsibility. Local news and sports will still be covered, according to the email.
Daily News Journalists were called to a 9 a.m. meeting and then told to wait for the email notifying them of the cuts.
The email also notified employees that editor-in-chief Jim Rich and managing editor Kristen Lee were among those parting ways with the company. Rich tweeted early Monday an ominous warning: "If you hate democracy and think local government should operate unchecked and in the dark, then today is a good day for you.
Robert York will be the new editor-in-chief. He was most recently the publisher and editor-in-chief of The Morning Call, a newspaper serving eastern Pennsylvania and western New Jersey. -NBC News