Layoffs and buyouts hit Politico as a result of “new structures and new mandates”

Politico, based in Arlington, VA, is laying off 3% of its staff, a source familiar with the matter told TheWrap.

The layoffs are expected to only affect 10 people in its newsroom, but more journalists may still exit the publication, states TheWrap, as the company plans to offer employees in several newsroom divisions a voluntary separation package.

The newsroom divisions include energy and E&E teams, Politico Magazine, the central editing desk, visuals, data and graphics and the interactive teams.

“Let us all acknowledge forthrightly that in some cases change is uncomfortable,” global editor-in-chief John Harris wrote the staff. “People should also recognize that in many ways these moves also represent continuity”<

The buyouts, he said, were not cost-cutting moves but an effort to let the staffers decide whether they want to remain on teams with “new structures and new mandates.”