For instance, The New York Times announced it was requesting 100 voluntary buyouts last year and the Chicago Sun-Times announced earlier this month it plans to cut 22 percent of newsroom staff through buyouts and layoffs.
Experts say there are things journalists should consider before signing a buyout or severance agreement with their newsroom employers.
“The most important thing is to be aware of what rights [and/or claims] you’re releasing and what you’re not releasing,” said Katherine Blostein, a partner with Outten & Golden, a New York based law firm that represents employees.
She said it’s important to understand what obligations former employees still owe to the company, such as confidentiality or non-compete agreements. Blostein also said not to rule out legal counsel and consider pro bono assistance or lawyers who have a low hourly fee structure. Read more