Newsweek Tells Staff of Job Cuts

Newsweek Tells Staff of Job Cuts

Newsweek magazine, as expected, told employees Thursday it will cut staff as it adjusts to a weakening financial position and prepares for an overhaul of the magazine early next year that is likely to lead to a downsizing of its 2.6 million circulation.

In a meeting with the weekly's staff, Ann McDaniel, vice president at parent Washington Post Co., said Newsweek is reopening voluntary buyouts offered in the spring, when the magazine shed 111 jobs. She said the new  buyout package isn't as generous as the previous one and would affect a smaller group of employees but would be open ...