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S.F. Chronicle offers 125 buyouts

August 4, 2008 by Veronica Villafañe

After years of operating in the red, the San Francisco Chronicle announced it will offer buyouts to at least 125 employees before the end of the year.

Frank Vega, the paper’s publisher, president and CEO said the company is “hopeful that by opting for our employees to voluntarily sign up for buyouts we can avoid any type of layoffs going forward.”

The company expressed its willingness to consider more than 125 buyout applications, but they will determine which applicants will be accepted and rejected. If not enough people apply, layoffs will be likely.

Filed Under: People Tagged With: buyouts, S.F. Chronicle

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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