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