'NY Times' Shuffles Masthead, Says Layoffs 'Limited'

The New York Times, which was struggling to make staff buyouts substitute for layoffs, has indeed had to let some people go, though spokespeople will say only that "the company laid off a 'very limited number' of employees," writes Alexander Kaufman. According to a staff memo, "the buyouts cost the Times some of its top talent," adds Kaufman, but there were a number of promotions as well. Among them, "former business editor Larry Ingrassia was named assistant managing editor of new initiatives, which will include a big international expansion."

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