Washington Post Co
The buyouts, which the Post will offer to newsroom, production and circulation employees, is aimed at cutting costs at the paper, the memo said. The Post, like other U.S. newspapers, has been hurt by declining advertising revenue.
Washington Post Publisher Katharine Weymouth, whom the memo said announced the plan to the paper's employees, was not immediately available for comment.
The memo did not specify the number of buyouts that the Post wants and did not say how much money it expects to save as a result.
The Post has offered buyouts on several occasions in the past few years. A round in May reduced the newsroom staff by at least 10 percent when more than 100 journalists left. The Washington Post Co recorded an $87.4 million charge for that round, as well as ones offered to Newsweek magazine employees.
It is not offering the buyouts to employees at its website, whose operations are located in Arlington, Virginia, outside the paper's Washington, D.C. headquarters, the memo said.
(Reporting by Robert MacMillan, editing by Gerald E. McCormick)