In a comment, one of Gannett Blog's best sources has told us the following:
1. Principal executive and Chief Financial Officer Gracia Martore has ordered layoffs across the board from U.S. Community Publishing to USA Today, Corporate and the Broadcasting division.
2. On top of layoffs, salary reductions will happen in the broadcast division: a 10% salary reduction.
3. No new furloughs for the rest of the year.
4. Layoffs are scheduled for July 8. Estimated to be 4,500 for U.S. Community Publishing.
My questions:
1. Is any of the above information incorrect?
2. If any of the above is incorrect, please provide, point-by-point, the accurate information.
So far, no reply; nor would I expect that he gets one before July 8.
3 comments:
Gannett will announce the layoffs on July 8th. They are not going to announce layoffs until they have all their ducks in a row i.e. what are they going to tell employees, how they going to position the layoffs with the media, shareholders, etc. Then they will layoff the longest tenured people based on the salary they make. This organization has no loyalty or concern for people who have given much of themselves through the years to make the company a success.
There is some fine writing here. Thanks for posting.
Sadly I have to agree with Anon. I've given three years of my life to them absorbed three new positions with the previous layoffs and planned to stay with them for a long time. I may be young, but I was perfectly content with making a career within Gannett, and yesterday I was given the heave-ho.
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