New York Times Could Lay Off as Many as Two Dozen if Buyout Offer Falls Short

http://recode.net/2014/11/21/new-york-times-could-layoff-as-many-as-two-dozen-newsroom-staff/

That’s partly what prompted Chairman Arthur Sulzberger and CEO Mark Thompson to trim staff last month, seeking 100 newsroom buyouts of the 1,330 journalists it currently employs.

About 29 people have applied for the buyout with about 14 who have been accepted by management so far, according to two insiders. Applications, due Dec. 1, are still incoming, but based on an informal survey, the Times could fall short of its goal by as many as 25 to 30 positions, according to one person with knowledge of the matter. The Times could also be satisfied with less than 100 volunteers so long as the jobs being eliminated allow the Times to hit their financial goals.