Gannett Reduces Staff by 1,000
Gannett announced that it plans to eliminate 1,000 jobs from its local newspapers across the U.S., due to declining advertising and circulation revenue.
This planned reduction in Gannett’s work force represents a three percent decline of their overall staff. The reduction of staff will be a blend of lay-offs, retirements, resignations and other vacancies will go unfilled. “We would prefer no more reductions, but… we must keep expenses in line with revenue,” the internal memo to staff said. “If advertising and circulation revenues continue to decline, further payroll reductions may be necessary.”
McClatchy Co, The New York Times Co, The Washington Post Co and Tribune Co, have all have cut their employee rolls, either through buyouts or through layoffs.
