The New York Times announced today plans to eliminate up to 20 newsroom positions and seek additional savings in the business units.
The reductions are described by the New York Times Company as a rebalancing. Jill Abramson, the paper’s executive editor, said in a email to employees, the company will seek volunteers for buyouts in The Times newsroom. Abramson added, though, no newsroom staffer will be laid off.
She said there would be “fewer than 20” buyouts.
The Times reports, the company will seek to cut costs on the business side by eliminating positions that are vacant and by offering a limited number of buyouts.
“This is part of our continuing efforts to rebalance our business and news operations and strategically invest in hiring to support new digital initiatives and expand our presence around the world,” a company spokeswoman, Eileen Murphy was quoted on The Times‘ website.
The company said it would seek to complete the staff reduction by the end of the year.