Gannett’s information division is being hit with one other spherical of layoffs, the corporate’s third transfer to slash prices within the final six months.
Journalists have been knowledgeable in a be aware Thursday from the information division’s new interim head, Henry Faure Walker. It stated these affected can be knowledgeable Dec. 1 and a pair of.
The be aware didn’t specify a quantity, however communications chief Lark-Marie Anton stated in an electronic mail that the goal was a 6% discount. With a headcount of three,440, that might quantity to roughly 200.
Faure Walker stated that he had conferred with different executives and determined, “Whereas now we have taken a number of steps already, we should enter the brand new 12 months in a stronger financial place, and the truth is that our Information price base is at the moment too excessive for the revenues it generates.”
After posting an enormous loss within the second quarter, Gannett laid off greater than 400 staff and stated it was leaving 400 extra open positions vacant. Then in October it imposed per week’s unpaid obligatory go away, suspended contributions to 401(ok) plans and requested staff to contemplate a voluntary separation supply.
These actions have been all firm extensive. Thursday’s was directed simply to the information division.
Faure Walker, who’s CEO of Gannett’s United Kingdom subsidiary, additionally assumed the highest function directing U.S. information operations when Maribel Perez Wadsworth introduced earlier this month that she can be leaving the corporate on the finish of the 12 months.
Some staff represented by the NewsGuild and in the course of contract negotiations are exempt from the layoffs.
The corporate had 12,331 staff as of the top of the third quarter. It publishes USA Right this moment and greater than 200 native dailies.
In tweets and emails, Gannett journalists complained concerning the timing of the be aware – leaving them in suspense for 2 weeks about whether or not they are going to be requested to depart.
Anton informed me in her electronic mail, “Whereas extremely troublesome, we felt it was vital to be clear that additional efficiencies can be carried out throughout the corporate as we decisively reply to the continuing macroeconomic volatility to proceed propelling Gannett’s future.”
The information division can be within the midst of a reorganization introduced per week in the past that may cut up its smaller dailies and a few weeklies into a brand new Middle for Neighborhood Journalism division.
The total textual content of Faure Walker’s memo is beneath.