It seems to be the never ending story in the news industry… more layoffs. This time, it’s Belo. 413 employees at 3 of the company’s papers are taking buyouts. But it’s not enough. Belo is now moving into “involuntary reductions.”
According to The Providence Journal, 22 of their employees took buyouts with no word yet on the exact number of layoffs. The Dallas Morning News reports 270 buyouts and 50 “involuntary job losses.” The Press-Enterprise in Riverside, California got 120 buyout takers, while another 30 positions will be eliminated.