They will be in your box Monday if you have been "selected":
"Globe offering buyouts to some employees" Globe staff August 01, 2014
The Boston Globe will offer voluntary buyouts to employees as the paper looks to better position itself for the digital era, Mike Sheehan, Globe chief executive, wrote in a Friday e-mail to employees.
Sheehan’s memo did not mention the number of buyouts the Globe is seeking. The memo said, however, that the terms of the buyouts will be “generous by any standard.”
In a separate e-mail, Globe editor Brian McGrory wrote: “There’s no set number we’re trying to achieve. Most significantly, it’s not meant as a cost-cutting exercise in the newsroom. In fact, when all is said and done, I don’t expect staffing levels here to change much, if at all.”
In his memo, Sheehan noted that since January 2013, the Globe has added 250 employees.
Ooops.
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Over the last decade, newspapers have been losing readers and advertising dollars to Internet competitors.
That's what happens when you peddle in$ulting eliti$m and agenda-pu$hing lies. Sorry.
In such an environment, the Globe needs to adapt and change “with financial discipline and rigor,” Sheehan wrote.
The Globe’s mission of creating award-winning journalism can be continued only by creating “a business model that’s sound and eminently sustainable,” he added.
Employees selected for a buyout offer will receive a letter at home over the next few days outlining specific terms, Sheehan said.
Doesn't that make you feel special? They selected you!
July 2012 was the last time that the Globe offered buyouts on a large scale.
That was only two years ago.
WTF? I was told the Globe was on its way back!
(Btw, this blog is now gaining followers and viewers)
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Businessman John W. Henry completed his purchase of The Boston Globe from The New York Times Co. in October. Henry, principal owner of the Boston Red Sox and other sports enterprises, agreed last August to buy the Globe, its websites, and affiliated news businesses, and the Worcester Telegram & Gazette for $70 million in cash.
He still overpaid, and he already sold off the WTG, as well as most of the baseball team while getting a good deal on the park(?).
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Related: John Henry a Hit With Globe
Might have made an error there.
