The Los Angeles Times has opened up its offer to buyout the contracts of editorial staffers to anyone who wishes to volunteer as the newspaper moves forward on plans to lay off dozens of employees amid declining advertising revenue.
According to a memo sent this past Friday and obtained by TheWrap, LA Times Management and the LAT Guild have reached a memorandum of understanding noting that any LAT Guild member who wishes to accept the buyout offer and leave the paper will count toward the 56 unionized staffer positions that will be cut, pending employer approval based on staffing needs.