Globe to Offer Buyouts to Some Staff Members

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By: Dan Kennedy | Media Nation

Here’s some late-Friday-afternoon-in-August news for you: Boston Globe chief executive officer Mike Sheehan says the paper will be offering buyouts to some employees. Sheehan says the buyouts will be “voluntary in nature, the terms of which are generous by any standard.”

No numbers are given in either Sheehan’s memo (posted earlier at Universal Hub) or in a follow-up from editor Brian McGrory (exclusive to Media Nation). “There’s no set number we’re trying to achieve,” McGrory writes. “Most significantly, it’s not meant as a cost-cutting exercise in the newsroom. In fact, when all is said and done, I don’t expect staffing levels here to change much, if at all. We’ll see growth in some areas as we’ll see cutbacks in others. Hiring will continue.”

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