Today in Media Companies Are Cutting Workers to Save Money, Gannett has announced it is reducing its workforce by two percent.
The company said the cuts will wrap up by the end of the week. More than 350 staffers are expected to be let go.
As you know, this is the same Gannett that has been trying to buy Tronc for months now. Funny how it can somehow find the funds to acquire a major company, but struggles when it comes time to keep its workforce intact.
“Actions like these are difficult, but I remain steadfastly committed to reinvesting in our employees and the capabilities required to sustain and grow our company so that we may continue to serve our customers with excellence,” said Gannett president and CEO Bob Dickey, in a statement.