Globe begins new buyout program, looks for greater digital focus

THE BOSTON GLOBE has begun a buyout program to make its business model
THE BOSTON GLOBE has begun a buyout program to make its business model "sustainable" but also to allow for the hiring of more Web-native journalists.

BOSTON – The Boston Globe is offering another round of buyouts to newsroom employees, according to the Boston Business Journal and media industry blogger Jim Romenesko, which both obtained a memo from Globe Editor Brian McGrory to the staff.
Although McGrory does not mention a specific number of jobs the Globe hopes to reduce through the buyout program, he said that “if we fail in our savings goal through buyouts, we’ll be faced with the difficult prospect of layoffs in September.”
McGrory went on to say that the company was still in the throes of moving to a “digital-first” approach to its journalism, and that it will be adding “more reporters and graphic artists who are native to the web.”
All that said, McGrory went on to note that with the evolving approach, which includes the cuts, staff shuffling and new hires, the Globe is “simply looking to turn a modest profit, which the ownership will then invest in the enterprise.”

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