Tuesday, December 2, 2008

Gannett launches nationwide layoff: toll hits 489; Thousands of jobs threatened amid historic losses as second big wave expected to hit Wednesday

Gannett Blog has details of Gannett's layoffs which began today:

Top newspaper publisher Gannett today began what is likely the single-biggest layoff in the newspaper industry's history, slashing as many as 3,000 jobs in an increasingly desperate bid to return the troubled 102-year-old company to prosperity.

At 8:10 p.m. ET, the number of layoffs had climbed to 489, based on published accounts, memos and Gannett Blog reader reports. Gannett itself has not disclosed the layoff.

In one of the first of scores of memos expected in coming days, Publisher Curtis Riddle of The News Journal in Wilmington, Del., told employees that the paper is cutting 44 jobs -- about 7% of all. The reductions include 31 forced layoffs, his memo says.

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