New York Times Buyout Deadline Nears

The New York Times Building (Haxorjoe via Wikimedia Commons)
The New York Times Building (Haxorjoe via Wikimedia Commons)

With a looming deadline for New York Times buyout applications, details about employees who have taken the package—or are believed to be strongly considering it—are starting to trickle out.

(Click here to jump to the bottom for an updated list of just the names we’ve confirmed so far.)

For starters, Capital has learned of two top business-side executives, Yasmin Namini and Tom Carley, who have opted for the buyout.

We’ve also confirmed that some buyout packages in the newsroom have already been accepted. Sources wouldn’t specify names or numbers, but talk of potential or likely takers is spreading among their colleagues.

If buyouts are accepted for some of the bylines floated by multiple newsroom sources, the paper would see high-profile departures from its media, finance, culture and politics pages. Reached by Capital, none of these individuals would confirm or comment, and the company’s P.R. department will not discuss personnel matters like this, so we will not name them here at this time.

The Times announced on Oct. 1 that it needed to eliminate 100 newsroom positions as a cost-cutting measure. Executives said they hoped to achieve the reduction through voluntary buyouts but that layoffs would be necessary otherwise.

Click here to read more

Source: Capital New York | Joe Pompeo and Jeremy Barr

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