Falling circulation (down 12% last year alone) and declining advertising revenue have taken their toll.
The Oregonian's Managing Editor Sandy Rowe says that 31 employees have accepted a buy out. But, because of falling revenue the paper is looking to cut around 70 positions total out of a work force of 850. So, layoffs are coming.
"This is where we stand now: 25 full-time staffers and 6 part-time have either accepted the buyout offer or have indicated to us they are going to sign the paperwork."
. . .
"Understandably, throughout this difficult process you wanted to know the number of positions we need to reduce. Early on in this process, we had hoped the number would be lower than it now can be, given our revenue. I now know that will be about 70 positions, or within one or two of that depending on the PT and FT distribution."