Boston Globe offers buyouts to some employees
The Boston Globe on Monday offered buyout packages to 43 editorial and advertising employees and laid off about 10 people.
The Globe notified 23 people in advertising and 20 in the newsroom that they were eligible for a buyout. The packages are voluntary. Monday’s layoffs did not affect reporters or editors in the newsroom.
“The Globe still has by far the largest newsroom in New England, and it continues to deliver groundbreaking, award-winning journalism across all media platforms,” wrote Globe publisher Christopher M. Mayer in a memo to staff. “That said, these continue to be challenging times for our industry and our business. We face rapid change in how readers get their information and how advertisers communicate their messages. That requires us to make tough choices along the way about how to allocate our resources.”
The company does not expect everyone to accept the buyouts, which were offered to both union and non-union employees. The company declined to say how much money it hopes to save with the job reductions. The Globe, which is owned by the New York Times Co., has a total of 1,881 employees.
The Worcester Telegram & Gazette, which also is owned by the Times Co., said it laid off one employee Monday and offered buyouts to five to 10 employees in the news, advertising, and human resources departments, according to a story posted on T&G’s website.
Globe publisher Christopher M. Mayer’s memo to staff:
Today the New England Media Group took steps to reduce its work force. These involved primarily offers of voluntary buyouts but also some involuntary reductions throughout the New England Media Group. At this time, all affected employees have been notified.
This move, difficult as it is, is part of a program to rebalance the business and will allow us to reallocate resources toward the investments we need as we innovate and introduce new products. This will also assure that we continue to meet the needs of our advertisers, and provide readers the high-quality journalism they expect from us.
The Globe still has by far the largest newsroom in New England, and it continues to deliver groundbreaking, award-winning journalism across all media platforms. We continue to offer effective solutions for our advertisers using the Globe and Boston.com as we add new offerings such as BostonGlobe.com, Ricochet, eBooks, ePaper, and the upcoming RadioBDC. Even more exciting initiatives are in development.
That said, these continue to be challenging times for our industry and our business. We face rapid change in how readers get their information and how advertisers communicate their messages. That requires us to make tough choices along the way about how to allocate our resources. We must continue to introduce new products even as we improve the efficiency of our operations. Meantime, we remain steadfast in our commitment to readers and advertisers—and to all of you who help us achieve great things each and every day in the midst of these challenges.
Publisher, The Boston Globe