According to Gannett Blog, “An Independent Journal about Gannett Co. Inc., Gannett said laying off 600 newspaper employees; pub's memo discloses total 1,000 jobs getting axed
Updated at 11:44 a.m. ET on Aug. 14: The Courier-Journal in Louisville, Ky., is among the first newspapers reporting layoffs on Thursday.
Earlier: A Maryland publisher told employees late Wednesday afternoon that Gannett is eliminating 1,000 newspaper jobs, or about 3% of the troubled newspaper division's workforce -- and that about 600 employees are being laid off, a Gannett Blog reader says.
The reader provided a copy of a memo that Daily Times Publisher Rick Jensen e-mailed about 4 p.m. today at the paper in Salisbury. "Across Gannett’s Community Publishing division, about 1,000 positions will be eliminated -- about 3% of the workforce,'' the memo says. "Of the 1,000 positions, about 600 employees will be laid off."
Jensen would be the first Gannett executive to publicly confirm recent speculation that GCI is cutting jobs across the company -- and the first executive to disclose details of such cuts. A broad downsizing would come as the nation's top newspaper publisher reels from its surprisingly weak second-quarter earnings. That report sent Gannett shares plunging to new lows, further raising investor pressure on CEO Craig Dubow and his senior team.
No timetable given
I've asked chief Gannett flak Tara Connell for comment. I've e-mailed Jensen, and Daily Times Executive Editor Greg Bassett as well. Moments ago, Bassett e-mailed this reply, saying only: "Jim Hopkins is in my in box? All the way from Europe? I must be big time! Cheers!"
[…]
Earlier: Blogger says Corporate's silence on layoffs is telling
Read the rest of the post here: Gannett said laying off 600 newspaper employees; pub's memo discloses total 1,000 jobs getting axed
Gannett Blog Labels: Buyouts, Earnings, Layoffs, Louisville, Salisbury, This Just In, USA Today
http://gannettblog.blogspot.com/2008/08/memo-gci-laying-off-600-newspaper.html
20080813 Gannett Blog: Gannett said laying off 600 newspaper employees
