2 Comments

Summary:

Updated: WSJ reports that the cuts would be above 1,000, though an exact number isn’t clear. These will come from the U.S. Community Publish…

Gannett Layoffs 210
photo: AP Images

Updated: WSJ reports that the cuts would be above 1,000, though an exact number isn’t clear. These will come from the U.S. Community Publishing division, which is Gannet’s coterie of smaller local dailies, about 80 of them.

We have written about Gannett’s ongoing troubles, including rumors about another major round of layoffs. NYT’s Media Decoder is now reporting the layoffs might come in the next few days, but likely will be much smaller than the 4,500 number that was mentioned by the non-affiliated Gannett (NYSE: GCI) Blog earlier this month. No word on the pay cuts, also rumored.

Gannett, which is a poster child for all the challenges newspapers are facing, had a particularly dismal first quarter, with profits down 60 percent. It has already laid off about 10,000 employees in 2007 and 2008, with the last round of 2,000 announced in October of last year. The company has also been cutting costs everywhere, including cutting home delivery of The Detroit Free Press from daily to three days a week, and closing down The Tucson Citizen.

  1. This is us!!!!!!!!

    Share
  2. Louise Lewis, author Wednesday, July 1, 2009

    Job loss…Been there. Done that. Yep, still 'there'. My heart goes out to those still getting 'pinked'.

    For me, losing my job was one of those defining moments in life. I knew I had a choice: I could choose to lose my way (my mind) or rise to the challenge and follow what my Spirit tells me to do, always remembering that I am more than a statistic on the news.

    I'll share with you what I was told the day I got "set free" (laid off) from my job: "This is a new chapter in your life. WRITE ONE HELL OF A CHAPTER!" And I did just that! Will you?

    So if you just need a break from the doom and gloom, let me send you a FREE (no strings) book download. Sign up at: http://www.noexpertsneeded dot com

    Yes, times are tough, but it doesn't mean that we can't still 'give back' to one another. This is simply my way…

    take care,
    Louise Lewis, author
    No Experts Needed: The Meaning of Life
    According to You!
    http://www.noexpertsneeded.com

    Share

Comments have been disabled for this post