Updated: Gannett Co. Set for Massive Layoffs
The Gannett Co. confirmed today that it will reduce its workforce within the next several days.
Gannett executives told told The New York Times’ Richard Perez-Peña that the McLean, Va.-based company is getting ready to issue another round of layoffs.
The company is preparing to lay off more than 1,000 employees as the largest newspaper publisher’s workforce continues to shrink along with its advertising sales, AP reported last Tuesday.
Between 1,000 and 2,000 people will lose their jobs in Gannett’s latest round of cutbacks, according to a story published Tuesday on The Wall Street Journal’s Web site, cited by AP.
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