Boston Globe to cut as many as 50

The Boston Globe said today it will offer buy-outs to all newsroom employees by the end of the month in an effort to cut as many as 50 jobs.

In a memo to employees, Globe Editor Martin Baron said, "Our industry is facing unprecedented financial pressures, most recently because of economic conditions that are the worst in many decades. We have had to adjust before to a difficult financial picture, and we now must do it again."

Both union and management employees will be eligible for the buy-outs. If too few agree to leave voluntarily, Baron said, the company will resort to layoffs.

Click on the headline to read Martin's memo to staff.

[Source: Boston.com, the Globe website. ] Click on the headline