Gannett Layoffs Could Claim Thousands of Jobs

Another round of Gannett layoffs coming

USA Today is Gannett's largest newspaper.

After several large rounds of layoffs in the past couple of years, Gannett layoffs will continue. The nation’s largest newspaper company will eliminate up to 4,500 jobs sometime in the next few days, reports the Wall Street Journal. However, the number of layoffs has been reported by some news sources as between 1,000 and 2,000.

Reports last month showed that Gannet’s profits were down 60 percent, but the exact numbers involved in Gannett’s growing problems are somewhat unclear.

Conflicting sources

There’s a pretty big discrepancy between the numbers news sources are reporting regarding how many jobs will be eliminated in the Gannett layoffs. The New York Times reports:

On Gannett Blog, a former Gannett editor who closely follows the company, Jim Hopkins, quotes an unnamed person in the company as saying that it will announce on July 8 that it is eliminating 4,500 United States newspaper jobs, and cutting salaries in its broadcast division.

However, Gannett employees shouldn’t run to the payday loan store to take out fast cash loans just yet. The NYT article goes on to say that executives have said the number would be significantly smaller than 4,500. The Associated Press reports: ... click here to read the rest of the article titled "Gannett Layoffs Could Claim Thousands of Jobs"