Globe and Mail staff member tweets that 79 people are taking buyouts at his newspaper
July 9, 2019
The newspaper industry in Canada is a little bit smaller this month.
That’s because 79 people at the Globe and Mail are taking buyouts, with more than half in the editorial department, according to a tweet by health writer André Picard.
It’s a result of a voluntary severance program announced in May to try to save about $10 million annually.
One of those who’s left the Globe and Mail is former foreign correspondent Stephanie Nolen.
She impressed her peers with her coverage in Africa, India, and South America.
“Parting PSA: pay for journalism,” Nolen tweeted. “The good stuff, the stuff that will help save humankind, doesn’t come free.”
The Globe and Mail was founded in 1844 and is owned by Woodbridge.
Woodbridge, in turn, is owned by Canada’s wealthiest family, the Thomsons, whose net worth is $37.2 billion, according to Forbes magazine.
Others who’ve taken buyouts, according to Picard, include This Country columnist Roy MacGregor, retailing reporter Marina Strauss, sports writer David Shoalts, business columnist Barrie McKenna, feature writer Robert Everett-Green, Ottawa bureau member Gloria Galloway, Halifax correspondent Jessica Leeder, Montreal correspondent Ingrid Peritz, and Calgary sports writer Allan Maki.
One of the challenges facing publishers who offer buyouts is that it can encourage their best editorial employees to walk out the door.
That’s because they’re the ones who might be most likely to find alternative employment.