The McClatchy Company, owner of 29 daily papers, including the Miami Herald, the Kansas City Star and the Sacramento Bee, said it is offering voluntary buyout packages to 450 employees—about 13 percent of its workforce.

The buyouts follow 140 job cuts in August.

“We’ve taken this action with intention, deliberation and respect for the contributions these colleagues have made to our company,” McClatchy CEO Craig Forman said in an email to staffers Friday.

“We do not anticipate another voluntary early retirement program,” Forman wrote. “This will be a one-time opportunity,” he said, adding that the deadline for participating in the program is February 19.

The downsizing comes roughly six weeks after McClatchy was rebuffed in its bid to buy Chicago Tribune owner Tribune Publishing for $16.50 a share.