Thursday, July 9, 2009

Gannett Layoffs Could Claim Thousands of Jobs

Personal Money Store Videos on Youtube

After several large rounds of layoffs in the past couple of years, Gannett layoffs will continue. The nations 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 Gannets profits were down 60 percent, but the exact numbers involved in Gannett’s growing problems are somewhat unclear.

Newspapers aren’t the only printed media with problems, either. Yesterday Vibe Magazine, one of the country’s biggest music magazine, announced it will shut down. Vibe Magazine was one of two U.S. magazines that covered hip-hop and R&B. That leaves The Source as the only nationwide magazine left to cover those musical genres.

Rock-centric magazine Blender shut down last year, though it still maintains a presence on the web. Vibe Magazine has not yet reported whether it ill continue its web site.

For more information on this article and others like it, please click on the following link:Personal Money Store: Gannett Layoffs



No comments: