BOSTON -- The Boston Globe is taking another big hit in the newsroom in the face of lost revenue and decreasing circulation.

The Globe needed 50 newsroom employees to sign up for a volunteer buyout by last Friday, but only 24 have done so, the Boston Herald reported. The buyout pays two weeks’ salary for each year of service. Globe layoffs could come as early as Monday, according to the Herald.

Those who have accepted buyouts include health care reporter Jeffrey Krasner, financial services reporter Ross Kerber, photographers George Rizer, Mark Wilson and Steve Haines and chief book critic and Pulitzer Prize winner Gail Caldwell.

Also included are City Hall reporter John Drake, education reporter and former education editor Linda Wertheimer, Boston.com news editor Mark Micheli, assistant foreign editor Kenneth Kaplan, travel reporter Tom Haines, managing editor/administrator Mary Jane Wilkinson and sports editor Bob Duffy, among others.

Cuts across the news industry keep coming. Last month the Herald also announced it was looking for 20 employees to take a volunteer buyout and Fox 25 laid off a half-dozen employees last week, including an employee who worked for the station’s Web site.