"The ax will probably swing for about two dozen journalists at the New York Times in late December, insiders said, as a voluntary buyout program looks like it will fall short of its goal of 100 newsroom people." - Keith Kelly, "Blue Christmas on horizon for Gray Lady with layoffs looming," in New York Post, November 25, 2014. Here you can read the article.
The New York Times Inc., which didn't get into digital fast enough, is a distressed company. No surprise, it needs to cut its number of journalists.
Given the shrinking market for journalists, it's also no surprise that, so far, only about 29 took the voluntary buyout packages. It would be difficult to them to land a comparable position in journalism. In a sense they would be opting for retirement.
At one time, those journalists would be sought after by public relations agencies. In fact, that was the usual route. Newspaper people who needed more money for growing families or who had burnt out were welcomed into public relations. They knew what the media were looking for and had contact with the players.
Now, the public relations game is different - and faster. Frequently, there are no resources available to "socialize" a journalist for how to position and package an issue so that publicity is favorable to the client. Also, not every former journalist, who has been trained to uncover the truth, is emotionally and spiritually suited to do that.
Even in the old days, there were journalists who couldn't make the transition to public relations. They never got it that they were working for the client, not for the public's right to know.