That's how it works, first buyouts, then layoffs...
http://www.marketwatch.com/story/the-new-york-times-offers-buyouts-to-editors-eliminates-public-editor-role-2017-05-31
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It's a never ending story
here is an update on 6/23/2017:
http://nypost.com/2017/06/23/new-york-times-bloodbath-could-include-reporter-jobs/