Over 40 LA Times newsroom staffers take buyouts: ‘Tremendous amount of institutional knowledge lost’

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More than 40 newsroom employees at the Los Angeles Times have taken the buyout offered by owner Patrick Soon-Shiong, an insider at the legacy newspaper told TheWrap on Thursday.

While TheWrap could not confirm the exact number, the insider said that 40 Guild members, 17 of them reporters — and one of whom was part-time— are taking the exit package.

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