• May 10, 2013

The New York Post is offering voluntary buyouts to newsroom employees, Editor in Chief Col Allan informed the staff, per Capital. The newspaper wants to lower its headcount by 10% through the buyout packages, which will be discussed with eligible employees. Layoffs have not been ruled out if not enough buyouts are accepted. The Post is believed to lose as much as $110 million a year. Its rival, the New York Daily News, also had layoffs this week, including 15-year vet Joanna Molloy.