Just 29 employees have applied for 45 newsroom buyouts, according to an e-mail from top editor Ken Paulson that was forwarded to me moments ago. With the application deadline now less than 24 hours away, the shortfall suggests as many as 16 employees may be laid off. Management had warned about that possibility when the buyouts were first announced in a memo three weeks ago.
Tuesday, December 04, 2007
USA Today buyouts said faltering; layoffs loom
Just 29 employees have applied for 45 newsroom buyouts, according to an e-mail from top editor Ken Paulson that was forwarded to me moments ago. With the application deadline now less than 24 hours away, the shortfall suggests as many as 16 employees may be laid off. Management had warned about that possibility when the buyouts were first announced in a memo three weeks ago.
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OK people, if you don't take the buyout, they'll get you out some other way. At least walk with some money in your pocket. I did, and haven't regretted a moment of it. Newspapers ain't what they used to be and it'll get worse.
ReplyDeleteAnd some people weren't even offered a buyout - they were laid off with NO NOTICE. This occured in IT and several other departments DAYS before the 45 buyout quota was announced. Here's the deal: Take the buyout, you get TWO weeks for every year at their (the minimum eligibility was 15 years; get laid off, you only get ONE and ONE-HALF weeks for every year of service).
ReplyDeleteFor the life of me, I can't understand why the buyout and layoff terms weren't identical. Can anyone else out there?
ReplyDelete