Gannett announced a new round of layoffs yesterday, saying it will cut about 10 percent of staff at its 85 local U.S. publications, not including USA Today.
The 10 percent is “significantly less” than the 3,000 positions estimate that has been floating around, said Tara Connell, VP of corporate communication.
Each publication has been asked to submit a proposal explaining how it will achieve its target cut by November 14, and the layoffs will be implemented sometime in December.
“As all of you are painfully aware, the fiscal crisis is deepening and the economy is getting worse. Gannett’s revenues continue to be severely impacted by this downturn, and our local operations are suffering,” wrote Robert J. Dickey, President, Gannett U.S. Community Publishing, in a memo to staff.
Gannett’s profits fell 32 percent in the third-quarter, which it announced on Friday. This past August it announced job cuts of around 1000 positions, with about 600 of those implemented through layoffs.
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