The News and Observer Publishing Co., owners of community papers in North Carolina, will cut 78 staffers 27 from the newsroom in an effort to remain solvent. Overall, 11 percent of the workforce will be let go.
In addition, remaining staffers making over $25,000 so almost everyone will face a 10 percent pay cut and take a week-long furlough without pay.
“We are making our way through difficult times by making difficult decisions,” publisher Orage Quarles III said in a staff memo. “It is never easy to say goodbye to so many of our friends and colleagues, but we must make these additional cuts to sustain our company and adjust to new competitive and economic realities.”