Los Angeles Times Offers Buyout Deals To Some Employees

The Los Angeles Times is offering buyout packages to employees with over two years of service to aid its digital transformation. The California Times, which owns the newspaper, aims to make its product more digital and appealing. Since being acquired by Patrick Soon-Shiong in 2018, the company has invested over $100 million in staff and infrastructure. The buyout is intended to provide flexibility for creating new roles and allow employees to leave on their own terms.

Who purchased the Los Angeles Times in the summer of 2018?

What does the company say about potential layoffs following the buyout offers?