1. Welcome to SportsJournalists.com, a friendly forum for discussing all things sports and journalism.

    Your voice is missing! You will need to register for a free account to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Access to private conversations with other members.
    • Fewer ads.

    We hope to see you as a part of our community soon!

Would you take a buyout?

Discussion in 'Journalism topics only' started by micropolitan guy, May 16, 2007.

  1. micropolitan guy

    micropolitan guy Well-Known Member

    Your newspaper is looking to cut expenses; you're uncertain about the long-term prospects of newspapers. Your paper offers you one month's pay for every year you worked there. No non-competition clause, so you can freelance if you want to.

    Do you take the buyout or not?

    I'd be tempted.
  2. Riddick

    Riddick Active Member

    Depends on how long I was at the paper. If I was there a minimum of five years, then hell yeah.
  3. KJIM

    KJIM Well-Known Member

    I'm leaving the business in the fall anyway, so hell yeah.
  4. EE94

    EE94 Guest

    I did, though didn't get a month for every year. That's a pretty rich deal for voluntary buyouts. You're probably looking at something more like two weeks, three if lucky.
    I'd been there 20 years, so I did okay. Has allowed me to look for other opportunities, as well as take some time to smell the roses, be around for my kids. Almost like a sabbatical with no obligations.
    One of the reasons I did it is because, though I'd been there 20 years, I'm still in early 40s, and the writing on the wall was they would dump me anyway when I was closer to 50 - which is what they seemed to do to some others - and the prospects for reemployment are much more dim at that age.
    Decided to go out when I wanted to go out.
  5. I definitely would. If they don't want me there to the point they'll pay me to leave then I'd take the money and run to somewhere else (and maybe get another buyout offer in five years). Why would I stay?
  6. expendable

    expendable Well-Known Member

    I'd take the buyout and spend the next two weeks catching up on missed rounds of golf.
  7. zagoshe

    zagoshe Well-Known Member

    A month for every year and no non-competition clause?

    Where do I sign up?

    Unfortunately that is way above the buy-out offers I have heard about in recent years
  8. EStreetJoe

    EStreetJoe Well-Known Member

    I was offered a buyout last year of about a year's salary and I passed.
    The buyout was offered to me 2 months before my wedding. My job has the better health insurance and prescription plan.
    I didn't want to be looking for a job and worrying about health insurance when I'm supposed to be focused on getting married. Plus, after being at the same paper since Sept. 1989, trying to find something else was a little scary given the job market.
  9. shotglass

    shotglass Guest

    Presented with what we have here, I'd first look around at the 5-6 papers nearby and see if anybody would want me as a fairly regular stringer.

    If one would, I might consider it ... at that price. But my main motivation wouldn't be financial. It would be that I think I miss writing a little more than I used to.

    Having said that, understand that you're not going to take that buyout money and live the rest of your days on it. It's going to melt away quicker than you ever would imagine.
  10. EE94

    EE94 Guest

    I looked at it this way.Wasn't too happy where I was - had a good job, don't get me wrong, SE of a large, well-respected section, but had spent the previous 18 months dealing with layoffs, budget cuts and other disheartening news from our owners. My job had descended into crisis meetings with my boss and it was affecting my well-being.
    I figured, as I lay on my death bed, the one thing I'll wish I had is more time when I was young enough to enjoy it.
    Yes, the money won't last forever, but I realize now I needed exactly what I have - time to re-energize and time to reprioritize my life.
    So far, taking the buyout has been a worthwhile investment in myself
  11. Moland Spring

    Moland Spring Member

    and then what? What other jobs have people taken?
  12. Shaggy

    Shaggy Guest

    I've been at my job five years. If they offered two weeks per year or higher, I'd take it.
Draft saved Draft deleted

Share This Page