The editor of the weekly business newspaper Barron’s on Friday sent out a mass email informing employees that major layoffs were coming, according to reports.
“The email [Journal Editor-in-Chief] Gerry Baker just sent about wsj buyouts says that dj is offering 1.5x the standard buyout package,” Finn's email read.
“Are we planning to go to the employees we are laying off at Barron’s next week and offer them 1x the standard package? That could create some problems. Please advise.”
After announcement of WSJ buyouts, a Barron's official sent this note, apparently unintentionally, to newsroom: pic.twitter.com/Ns9LSu2JCd— ErikWemple (@ErikWemple) October 21, 2016
“That was not intentional. it was a mistake. we had not been told what package was being offered to the several Barron's folks who would be laid off next week,” Finn told Politico.
Finn is the president and editor of Barron's, which is owned by Dow Jones — The Wall Street Journal's parent company.
The Journal on Friday announced the unusual move of making voluntary buyouts available to all editorial employees.
In an internal memo, Baker said the company has "begun an extensive review of operations as part of a broader transformation program."
Updated at 3:19 p.m.