Gannett Cutting 1K Newspaper Jobs
According to a Reuters article posted this afternoon, Gannett Company Inc., has announced in a memo its plan to cut 1,000 newsroom jobs in its Community Publishing division, which accounts for more than 80 publications (not including USA Today). About 600 people will be laid off, and the remaining cuts will come from retirements, resignations and unfilled vacancies. The memo asked publishers of the newspapers to notify the impacted employees by August 15. The reasons cited include the same ones given by print publications: declining advertising and circulation revenue.
posted on August 15, 2008 |