Newspaper publisher Gannett Co. validated Friday that it’s laying off some of its newsroom personnel, part of a cost-cutting effort to lower costs as its profits fallsapart amidst a decline in advertisement sales and client memberships.
The McLean, Virginia-based business decreased to supply information about the number of individuals losing their tasks. In a declaration, Gannett representative Lark-Marie Anton mentioned a requirement “to take swift action provided the difficult financial environment. These staffing decreases are extremely challenging, and we are grateful for the contributions of our leaving coworkers.”
Gannett, which owns USA Today and more than 200 other everyday U.S. papers with print editions, ended last year with more than 16,000 staffmembers aroundtheworld, according to the business’s yearly report. The payroll consistedof more than 4,200 pressreporters, editors and professionalphotographers,.
The layoffs are the newest indication of the unrelentingly hard times in the newspap