McClatchy is working to cut 10 percent of its employees, amounting to around 450 staff, Poynter and others reported.
McClatchy CEO Craig Forman sent an email to some 10 percent of the newspaper chain’s employees, offering the voluntary buyouts. Employees have until Feb. 19 to go for the buyout. It’s not known what will happen if 10 percent don’t take the offer, according to Poynter.
“This will be a one-time opportunity. We do not anticipate another,’’ Forman wrote.
McClatchy has 29 daily newspapers in the U.S., including the Miami Herald, The Charlotte Observer and The Kansas City Star.
The Hollywood Reporter, meanwhile, reported that Vice Media is cutting around 10 percent of its staff, some 250.
The layoffs are linked to new CEO Nancy Dubuc's plan to make Vice Media profitable, says the Hollywood Reporter.
The McClatchy and Vice layoffs add to recent BuzzFeed, Verizon, and Gannett cuts to mean more than 2,100 cuts so far this year for the media industry