Gannett Co. to Lay Off More than 1,000
by Nielsen Business Media Staff
NEW YORK The Gannett Co. confirmed today that it will reduce its workforce within the next several days.
Gannett executives
told The New York Times' Richard Perez-Pena 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. The Journal quoted an unnamed person familiar with the McLean, Va.-based company's thinking.
Gannett Spokeswoman Tara Connell told E&P: "We have been doing layoffs and we will be doing layoffs. In terms of a large-scale layoff, we have no comment."
Rumors about the move had surfaced over the past several days on Jim Hopkins' Gannett Blog, which suggested the publisher of The Indianapolis Star could
possibly eliminate more than 4,000 positions at the beginning of July.
Gannett sources told the New York Times the number would be "significantly smaller," but did not give a number.
At its U.S. Community Publishing division Gannett reduced its workforce 3,600 from 2007 to the end of 2008.
Source:
Nielsen Business Media
