Sunday, February 18, 2018
Business

Tampa Bay Times offers buyout plan to staffers

In advance of making some job reductions, the Tampa Bay Times said Wednesday it will offer an incentive plan to staffers who choose to leave the company voluntarily.

Full-time and certain part-time staffers are eligible for the offer, which would pay up to 13 weeks severance depending on years of service plus an additional two weeks' pay, according to a memo sent to the newspaper's staff. The offer runs March 10-24.

"We are finding some ways to improve our results without compromising our quality,'' said Jounice Nealy-Brown, the Times' communications director. "We want to support the colleagues whose jobs will be affected."

The memo did not specify the number of possible layoffs.

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