National Geographic Announces "Voluntary Staff Reduction Plan"
National Geographic Magazine announced to their staff that they are implementing a “voluntary staff reduction plan” in order to cut costs. The offer extends to their editorial staff, with a late-August deadline for volunteers.
The deal allows anyone to apply, but only 20 will get it. The buyout package gives employees 2.5 weeks of full pay per year of service, but the benefits package only extends six months. One source tells us that this package isn’t much of an improvement over previous packages offered to laid-off employees (up from 2 weeks of full pay per year of service).
Many
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