New York Times looks to cut 30 jobs, offers buyouts

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The New York Times is looking to cut costs and is offering buyouts to some of its staffers.

The newspaper reports that the company is looking for 30 managers who aren't in the union to take the buyouts.

Jill Abramson, executive editor of The Times, says in a letter to staff that the newsroom had grown back to the size it was in 2003 with 1,150 people and had to be cut.

The date to decide whether to take a severance package is Jan. 24.

Abramson says layoffs would be necessary if enough savings weren't reached through voluntary buyouts.

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