New York Times Buyout Deadline Hours Away, Joe Sexton Leaves [Update]

The next few days are going to be rough at the New York Times. Not only is the deadline for editors to accept buyouts today at 5 pm, Jill Abramson said in a memo that staffers will have to wait “a day or two after that” to know if there are going to be layoffs.

“If you think the buyout is something that works for you at this time in your life, we urge you to give the offer serious consideration if you haven’t already,” wrote Abramson, in the note obtained by Jim Romenesko. “Each buyout we record reduces the possibility of layoffs.” No pressure though!

In the meantime, two editors have decided to join the others who have accepted the Times’ offer.

According to the Huffington Post, Joe Sexton, who has been with the paper since 1987, has agreed to the offer and is leaving for ProPublica. Sexton, the Times’ sports editor, is yet another notable loss for the paper. Most recently he was one of the people behind bringing the excellent “Snow Fall” piece to fruition. Also, the New York Observer reports that James Oestreich, the paper’s classical music critic, has taken a buyout.

Others who have accepted the buyouts include managing editor John Geddes, special projects editor Alice Dubois, culture editor Johnathan Landman and columnist Joyce Wadler. 

According to Abramson’s memo, 30 people need to accept the offer in order to avoid layoffs. As of now, they are way below that mark.

Update (1:40 pm):
Jim Roberts, assitant managing editor at the Times, is leaving too. Roberts has been at the paper for 26 years. He
just tweeted that it had been a “long awesome trip” but it was time for him to move on. The buyout deadline creeps closer.

Publish date: January 24, 2013 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT