The New York Times Offers Employee Buyouts to Beef Up Reporting Staff
Last week, in a memo from executive editor Dean Baquet and managing editor Joseph Kahn, The New York Times (NYSE: NYT) offered buyouts to its newsroom employees to reduce the layers of editing, reports The Times. The idea is to replace the layers with a single group of editors who would be responsible for all aspects of an article, with another editor acting as a final check prior to publication. Currently, two of three editors review each article before it is published.
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