As Gannett's mass layoff spreads, tally passes 600; Second big wave to slam
papers on Wednesday; Thousands more employees are still vulnerable.
Gannett launched what is likely the biggest mass layoff in newspaper industry
history yesterday, slashing 655 jobs by early this morning, in an increasingly
desperate bid to return the troubled 102-year-old publisher to prosperity. The
final tally could run into the thousands.
Source: http://gannettblog.blogspot.com/2008/12/breaking-gannett-launches-mass-
layoff.html
Request -- please post info on any layoffs at the Daily Times this year.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Worse yet, it's not that Gannett is trying to return to profitability. The chain *is* profitable, but just not profitable *enough* to Wall Street.
ReplyDeleteSay what you will about the MSM, but I wonder who will be watching our local and state governments around the country when Gannett finished decimating its newsrooms.
I think it's 10% of the staff was to be laid off by Dec. 3 at The Daily Times.
ReplyDelete