Wall Street Journal offers all news employees the option to take buyouts: memo

News Corp's The Wall Street Journal on Friday offered all of its news employees the option to take buyouts, according to a memo reviewed by Reuters.

"We are seeking a substantial number of employees to elect this benefit, but we reserve the right to reject a volunteer based on business considerations," wrote Gerard Baker, editor in chief of The Wall Street Journal.

(Reporting By Jessica Toonkel)