Worker Bees Offered Buyout

The Sac Bee is reporting the paper has offered buy-outs to a majority of its full-time employees.

The paper cites the economy and drop in advertising revenue for this second round of company-wide layoffs.

The McClatchy Co. earnings have dropped 44 percent — netting the Sacramento-based company only $19.7 million.


  1. Bear in mind that they are only establishing a list of volunteers for the next round of layoffs. They expect only a small percentage of their employees to sign up for that. Still, the buyout offer is pretty significant: two weeks of pay for each year of service as I recall reading. For those who are close to retirement, contemplating a career change, or considering relocation, it may be a compelling offer for them.

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