300 NY Times Staffers Consider Taking Buyouts

newyorktimes-logoNew York Times publisher Arthur Sulzberger and CEO Mark Thompson are apparently going to have an easier time reducing the newsroom by 100 than they thought. According to The New York Post, 300 Times staffers have put in a request with the Newspaper Guild to review their severance packages.

Sulzberger and Thompson announced in early October that they needed to eliminate 100 jobs via either accepted buyouts or, if the number wasn’t reached, layoffs.

Though 300 people are reviewing their packages, it doesn’t mean they’re all in a rush to leave the Grey Lady. “A lot of people were just securing their rights and checking it out,” Grant Glickson, a union rep, told the Post.

Still, the fact that this many people are even giving the move a thought is interesting. It might be because the offer is heavily weighted toward urging veterans out the door. Staffers who have 20 or more years experience will get a bonus of 35 percent of their salary if they accept the Times offer. That could be just be enough to get people thinking of leaving the newspaper grind behind.