16 Newsweek Employees Taking Buyout

Posted
By: Lucia Moses | Adweek

In February, the magazine offered buyouts to 30 editorial staffers. Sixteen have decided to take it. Newsweek offered the buyout to about a third of its 90 Newspaper Guild-covered staff in an effort to reduce its financial losses. Newsweek didn't have a target number of people it sought to cut, but the buyout response was higher than expected, which could eliminate the need for further layoffs.

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