Yesterday HarperCollins revealed they are extending voluntary retirement packages to any interested employee over 55-years-old with more than 5-years working at the publisher.

With these looming cost-cutting measures, Publishers Weekly reported that spokesperson Erin Crum "wouldn't rule out the possibility of layoffs down the line."

The offer was extended to workers in New York, Los Angeles, San Francisco, and Scranton offices. Employees must decide by February 3, and the company has prepared a number of packages.