Owner: New York Times Co.
Effective: Dec. 31, 2011
Buyouts are being offered to newsroom employees; Executive Editor Jill Abramson said there will be “fewer than 20″ buyouts by the end of the year. Open positions also will be eliminated, but Abramson said layoffs will not follow the buyout offer: “No matter how many people do or do not raise their hands, no one in the newsroom — either Guild or excluded — will be laid off as a result of this program.” A Times executive also said buyouts are being offered on the business side. The Times also recently reorganized about.com, cutting 15 full- and part-time positions and creating 10 full-time positions.
Sources: The New York Times; AFP; Poynter