USA Today offers buyouts
Jim Romenesko | Gannett Blog
More than 150 USA Today employees are eligible for an early retirement package, which are available to people over 55 who've been at the paper more than 15 years, Jim Romenesko reports. Jim Hopkins' Gannett Blog says the offers "come as USAT attempts another turnaround amid falling national advertising and circulation as competitors surge ahead with revenue from digital paywalls."
The 30-year-old paper no longer discloses the size of its workforce; a few years ago, it had fewer than 1,400 employees, making it one of Gannett's single-biggest worksites.
Gannett, which owns USA Today, offered 594 buyouts to employees last April. While the company has reported growth in circulation revenue due to paywalls at its smaller papers, it intends to keep USA Today's website free.