New York Times Co. to Offer Buyouts to Employees

The New York Times will offer voluntary buyout packages to members of the newsroom and several business departments at the end of the month, the company announced on Wednesday.

In a memo, members of the executive committee, including Arthur Sulzberger Jr., the newspaper’s publisher, and Dean Baquet, its executive editor, said that the buyouts were a part of the company’s larger mandate to build a more digitally focused newsroom, and to reach its stated goal of doubling digital revenue by the year 2020.

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2 thoughts on “New York Times Co. to Offer Buyouts to Employees

  • May 25, 2016 at 9:40 am
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    A “mandate to build a more digitally focused newsroom” is a ridiculous excuse for laying off people. Digital requires people, too. Unless you are getting rid of the print version, that requires people, too. Be honest. Say you are laying off employees because you aren’t making enough money.

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