The New York Times, like the rest of the newspaper industry, went through a painful series of buyouts after the 2008 financial collapse exacerbated the already ongoing collapse of the newspaper industry. In 2009, they cut 100 positions. In 2011, they had 20 more buyouts. This morning, they announced they want 30 more.
Web domain name giant GoDaddy is reportedly in talks to be bought out for more than $2 billion. Who knows what kind of exploits GoDaddy's ridiculous elephant-killing CEO, Bob Parsons, will get up to with that kind of dough. He'll probably fly to a remote island and hunt the world's most dangerous game: tech bloggers. Honestly, we're terrified.
People editor Larry Hackett sent out a memo late today indicating the celebrity magazine got rid of 18 editorial staff, per the goal it set in early November. The communique, reprinted after the jump, gave no indication of whether the voluntary buyouts the Time Inc. title sought had to be supplemented with involuntary firings. Nor did it specify which staffers were leaving, or which bureaus were most heavily affected. But then it was written by the same guy who let his magazine slide into the common tabloid muck it was once a cut above, only to rationalize and narrowly deny the whole scandal, so what do you expect, forthright, expansive honesty?