Layoffs And Paycuts At Bakersfield Californian
The newspaper Bakersfield Californian cut 26 jobs yesterday, including 14 from the newsroom. That represents about 12% of of the paper’s total staff. In an article from today’s Californian:
Coming on the heels of a 30 percent year-over-year decline in advertising revenues, Tuesday’s cutbacks accompanied companywide pay cuts of 5 percent effective March 30, and an indefinite stop to the company’s contributions to 401(k) plans.
“We have to cut expenses everywhere we can,” President and CEO Richard Beene said in a written statement.
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