Dear Colleagues,
The California
Times is offering voluntary buyout packages (an “Employee Voluntary Separation
Plan”). Employees with more than two years of service are eligible to apply.
Since the transition to local ownership,
we have invested more than $100 million in staff, technology and
infrastructure, and as we continue our transformation of the Times, we shall
continue to invest.
We are already working on deploying our
resources
strategically. We know that to build a sustainable business and ensure our
ability to provide vital journalism for decades to come, we need to move
swiftly to make our product more digital, more nimble, and more attractive to
loyal and new audiences. Buyouts will help us accelerate this process.
We’ll be
holding two meetings on Thursday (one at 11 a.m. and one at 3 p.m.) for El
Segundo employees who have questions. Details to follow. Employees in other
locations should reach out to their HR representative with questions.
See the
attached document for further details.
Chris, Nancy,
Norm and Jeff
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