The Seattle Times is offering its employees the opportunity to be bought out of their positions in a move to reduce its workforce and ease strain on its budget.
“I know the timing for this is not ideal. But I hope that those of you considering leaving the Times will be able to use the holidays to talk over your decision with your families,” Seattle Times Editor Kathy Best wrote to employees.
The move is considered a reduction of force and layoffs may follow if the newspaper doesn’t get enough employees to voluntary leave, according to Best.
Journalism blogger Jim Romenesko reports that the Seattle Times sent out a letter to its employees on Dec. 18. That letter details an offer to buy out employees. Employees who voluntarily leave the company can get up to one week of pay for each year of service, up to 13 weeks.
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