Dallas Morning News seeks 40 employees to take voluntary buyouts
The Dallas Morning News is looking to cut its workforce by 40 people.
According to a release, DallasNews Corporation, the parent company of The Dallas Morning News, is offering buyouts to 40 full- and part-time positions, or about 6 percent of its entire staff.
The "offer" is being made across all departments to eligible individuals at The News and Medium Giant, the company's media and marketing agency.
The buyout represents their efforts to become profitable.
According to Poynter.org, the company has not had a profitable quarter since Q4 of 2021, and ended its most recent quarter with a net loss of $0.9 million due in part to declines in print advertising revenue.
In June 2023, the company exited an "unprofitable business partnership" with Vericast, and slashed operations at Al Día, its Spanish-language publication, which is now a digital-only product. It also discontinued Briefing, its Sunday "quick read" newspaper.
The release says that this will still allow the news department to maintain coverage throughout Texas while helping to reduce overall headcount and non-headcount expenses.
The buyouts are anticipated to take place in October.
The DMN is not the only Texas publication to be cutting back on staff: In August, Austin-based nonprofit outlet The Texas Tribune laid off 11 staffers including copy editors, visual team, reporters, and an editor, which were the first layoffs the site executed since it was founded in 2009.