Owner: Washington Post Co.
Effective: May 31, 2012
Buyouts are being offered to newsroom employees. Ombudsman Patrick Pexton tweeted that buyouts will be limited to 48.
Post buyout: so out of newsroom of roughly 600, 48 departures would be 8% if they hit that many, which they may not.
— Patrick Pexton (@WaPoOmbudsman) February 8, 2012
A memo from Executive Editor Marcus Brauchli blamed the economy, and said the buyouts “won’t affect the quality, ambition or authority of our journalism.”
“The Post’s newsroom remains formidable, and we will continue making tactical hires so that even as we get smaller, we get stronger.”
Sources: Paper Cuts tips; MediaWire