The Boston Globe announced today it’s looking to cut 60 positions and will be offering voluntary buyout packages.
The Worcester Telegram & Gazette, meanwhile, will cut 20 positions. Both papers are owned by The New York Times Co.
According to the Boston Globe, the buyout offer doesn’t include Boston.com, since the company would “continue to invest in this growing area of the business.”
Employees will get two weeks pay per year of service, with a cap of one year’s pay. Globe employees with lifetime job guarantees get three weeks pay per year, with a 2 yr pay cap.