New York Post / 10-percent staff reduction

The New York Post is offering voluntary buyouts to newsroom employees, editor-in-chief Col Allan informed the staff today in a memo obtained by Capital.

The paper is aiming to reduce its headcount by 10 percent through the buyout packages, which will be discussed today with eligible employees.

Allan also indicated the paper could achieve the 10-percent reduction through “other measures if necessary,” suggesting that layoffs are possible if not enough employees accept the buyouts.

“As we budgeted for the coming fiscal year, we took a careful look at our editorial spending and staffing levels, which have grown slowly over the last decade,” Allan said in his memo. “We have always strived to be an efficient and resourceful news organization, and being so now is all the more important.”

Chosen excerpts by Job Market Monitor

via ‘New York Post’ offers buyouts; seeks 10-percent staff reduction in attempt to avoid layoffs | Capital New York.