NYT may resort to newsroom layoffs

The buyouts offered at The New York Times haven't attracted enough volunteers. The paper needed about 100 employees to ask for buyouts to meet its targeted newsroom reduction.
So now if the number of buyouts isn't met by next week's deadline, the newspaper will most likely have to resort to newsroom layoffs, according to reports from The Wall Street Journal.
"If that is indeed the case, as we expect it will be, we will -- regrettably -- be forced resort to some limited number of layoffs within the core newsroom," said assistant managing editor Bill Schmidt. "We approach it with a heavy heart."
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