Razorfish Offers Buyouts

Razorfish, the New York-based i-shop that cut staffing by 20 percent last month, has instituted a “voluntary termination” program designed to reduce payroll even further in three offices.

Eligible employees in London, San Francisco and Boston were notified by letter on Friday and must decide this week whether to accept “enhanced” severance packages, a spokesman said Tuesday. He declined to specify how many workers were expected to leave or the anticipated savings but suggested that people most involved with clients were less likely to be offered buyouts.

“We acknowledged to our employees that it’s a tough market to be in, and we wanted to avoid another round of layoffs,” the spokesman said, adding that severance packages were offered to “kind of put the most human face possible on a difficult situation.”

Last month, Razorfish reported its first-ever loss from operations and said fourth-quarter sales slipped 5 percent from a year earlier to $50.1 million.