NEW YORK (AP) – The New York Times is looking to cut costs and is offering buyouts to some of its staffers.
The newspaper reported Monday (
http://nyti.ms/TDaQJl) that the company is looking for 30 managers who aren’t in the union to take the buyouts.
Jill Abramson, executive editor of The Times, said in a letter to staff that the newsroom had grown back to the size it was in 2003 with 1,150 people and had to be cut.
The date to decide whether to take a severance package is Jan. 24.
Abramson said that layoffs would be necessary if enough savings weren’t reached through voluntary buyouts.
Information from: The New York Times,
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