As the embattled Los Angeles Times faces a continuing decline in revenue, speculation is rampant in the newsroom that a buyout package will be offered to staff next week.

According to a report on LAObserved.com, the cuts were expected to have come as soon as this week, but they appear to have been delayed a few days. Recent comments by Jack Griffin, chief executive of Times parent company Tribune Publishing, indicated that jobs and expense cuts would be companywide.

In an interview last week with Crain’s Chicago Business, Griffin did not deny cuts were coming but downplayed reports that as many as 80 positions were under threat in Los Angeles.

A spokesman for Chicago’s Tribune Publishing Co, did not immediately return a request for comment.

Tribune Publishing’s stock price has been cut by more than half since late April. It closed down again at $8.07 on Monday.