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Los Angeles Times Offers Voluntary Buyouts To Employees With Two Or More Years Of Tenure
The buyout offer is the latest staff reduction at the paper.
The Los Angeles Times buildingMichael Buckner/Penske Media via Getty Images The Los Angeles Times is offering voluntary buyouts to employees who have been with the publication for two years or more, underscoring the continued headwinds facing even large players in traditional print media. In an email to staffers, first reported by Semafor, Times management said that while it remains “a vital source of news and information for our city, region, state and beyond, the economic landscape of the media industry continues to be extremely challenging. The buyout memo did acknowledge the devastating fires that have wiped out much of Pacific Palisades and Altadena, and the “inspiring” role that the Times team played in its coverage during the crisis.
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