NPR will be offering buyouts as part of an effort to reduce staff by 10 percent,NPR’s Mark Memmott reports. The move is “strategy to eliminate the deficit and lower ongoing expenses,” a memo to staffers says.
The Washington Post’s Paul Farhi explains the financial situation:
NPR said it is projecting an operating deficit of $6.1 million during its upcoming fiscal year, based on revenues of $178.1 million. It said that it was seeking to reduce its staffing levels by about 10 percent through voluntary buyouts. With roughly 840 employees, that would mean a reduction of 80 to 84 people. It laid off 64 employees, or about 8 percent of its staff, in late 2008 and cut two programs in order to save money. The organization receives less than 2 percent of its annual budget directly from federal funds, but relies on dues from member stations that receive an average of about 15 percent of their budgets from federal funds.