NY Times Restructures Video Department, Offers Buyouts

Layoffs could be coming.

The New York Times is restructuring its video unit, and as a result, making hires while also offering buyouts.

“We will do some targeted hiring to add the kinds of deep experience, news judgment and creativity we believe essential to take our video to a higher level,” explained a memo from Times executive editor Dean Baquet. “And we will also offer a buy-out in video open to anyone on the staff — whether they are excluded or in the guild — effective Tuesday.”

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