The Arizona Daily Star has let go 52 people, including almost its entire marketing department, the Tucson Sentinel reports.
The cuts also included 15 newsroom employees.
The paper is owned by Lee Enterprises, which earlier this month was notified by the New York Stock Exchange that its 30-day trading price had fallen below $1, the minimum to be listed on the NYSE.
If the paper doesn’t “cure the deficiency” within six months it will be permanently delisted.
The newspaper company reported a $1.5 million loss in its most recent earnings report, published May 2; its next earnings report is due Aug. 5.
The Tucson Sentinel has a list of the employees affected by layoffs.