New York Times Offers Buyouts

New York Times Co. offered voluntary buyouts to “fewer than 20″ people in its flagship paper’s newsroom, according to an internal memo, while stressing that no layoffs were imminent.

In a Thursday memo to staff, the executive editor of The New York Times, Jill Abramson, and others said that “no matter how many people do or do not raise their hands,” no one in the newsroom would be laid off as a result of the buyout program. The memo also said the Times reserves “the right to turn down some volunteers who are in those areas of the newsroom where we feel we cannot reduce our numbers.”

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