'Times' Rescinds Buyout Packages For Six Laid-Off Employees

We're hearing that the New York Times has changed its mind about giving buyout packages to six of the employees eliminated in newsroom layoffs announced last month. Instead of a package that would have included benefits for a time, they'll walk away with severance packages, which don't include benefits. A source tells us that the severance packages are worth about a third less than the buyouts originally promised. In November, the Times announced it would cut a dozen newsroom positions and "a number" of clerical administrative jobs.

Earlier: 'Times' Announces Newsroom Layoffs