Gannett’s news division will undergo another round of layoffs, marking the publisher’s third move to cut costs in the last six months. As per Henry Faure Walker, the news division’s new interim head, the affected staff members will be informed on Dec. 1 and Dec. 2.
According to communications chief Lark-Marie Anton, a six percent reduction is to be expected.
Faure Walker added:
“While we have taken several steps already, we must enter the new year in a stronger economic position, and the reality is that our News cost base is currently too high for the revenues it generates.”
The layoffs will not affect some journalists represented by the NewsGuild and those in the middle of contract negotiations.
Read more here.
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…