Consumer Reports accepts buyout offers from 50 employees
Consumer Reports will accept buyout offers from 50 employees — all with at least 10 years of service — who will be leaving the company in the next few months.
The news was announced during a company town hall meeting Thursday with CEO Marta Tellado.
A company spokeswoman said that the employees whose buyouts were accepted will not all leave at the same time because they are working on various projects that they may need to finish. The employees include union and non-union members, she added.
Consumer Reports sent buyout packaged to eligible employees in April. The employees who are leaving come from departments across the organization, including editorial, said the spokeswoman.
Union members who work for Consumer Reports approved an 18-month contract extension and the personal finance magazine’s voluntary separation plan in early April.
Last June, Consumer Reports laid off 17 employees — six managers and 11members of the News Guild. Consumer Reports also created six new guild positions in its IT department. Those changes came after it revamped its top editorial structure and also dropped two publications.
Consumer Reports magazine has 3.6 million subscribers. There also are more than 3 million subscribers to Consumer Reports Online.