It looks like cuts are being made at most Gannett Co newspapers today, with more news of cuts coming through. For the earlier round, see Hundred of Newspaper Jobs Cut.
The latest, via the Gannett Blog, a blog set up by a former Gannett employee to track the cuts:
Des Moines Register has a net loss of 60 positions made up of 41 redundancies, the cancellation of 15 open positions and 4 voluntary redundancies. Total cut is 6.9% of 801 people.
The Courier Journal of Lousiville has a net loss of 69, with 36 forced redundancies, 17 voluntary redundancies and 18 open positions will not be filled.
No doubt there will be more bad news to come, we’ll update the post as we received the latest news. If you’ve lost your job and you’d like to share the company notice, duncan at nichenet.com.au or leave a comment.
Update: latest cuts include Staunton News Leader: net 15 with 10 redundancies, Louisiana Town Talk net 10 and Mississippi’s Clarion-Ledger 33.
Looks like there is worse to come
The recession is kicking in everywhere. Sad.
Unfortunately the current recession is hurting a lot of people..
Lets hope we get thru it real quick and move on
that's bad news
that's why i starting looking for new job
This is bad news, hopefully it won't last too long
it is sad
Matt Cutts is the man, a must read blog for any internet marketer. We are well aware of the recession, its time to work harder than ever.
It's the same across the pond.
I can only count myself fortunate that the need for door staff in sheffield has risen rather than dropped. No matter how bad things get, people still need to go out to events, clubs etc just to de-stress and let the hair down.
2009 is supposed to be one of the worst years in decades as far as economy growth. surely we are headed twords a major recession. I hope everyone of these laid of employees saved a little for hard times
With the economy the way it is, and everything moving into online media, its no wonder that these types of companies are going under.
the economic is getting worse and worse. i hope we all survive the 2009.
Sad to see that more people are losing their jobs.
That's sad. Fortunatelly here in Brazil crisis isn't so strong.
Lets hope that Obama can make our country a better place.
It's sad the way things are and yet those with money will see this as an ideal time to invest for the future. Mind you a bit of foresight and a crystal ball would help!
Unfortunately the current recession is hurting a lot of people..
Lets hope we get thru it real quick and move on
Hope this recession will end soon and everything backs to normal.
very intesting hopefully it won't last long
Unfortunately the current recession is hurting a lot of people..
sob…
That's very unfortunate. Jobs are being cut across the globe and I'm sure it's going to continue for at least a few more years. But I hope I'm wrong about this.
Really bad news!
This had very little to do with 'greedy banks' and a lot to do with 'greedy politicians' trying to do social engineering in the housing markets. In a nutshell, Democrat politicians (led by Bill Clinton) wanted to increase home ownership among the poor. They convinced Freddimac and Fanniemae to insure more high risk, subprime loans and coerced bank into making these risky loans by threatening them with charges of 'Redlining' if they didn't cooperate. In an effort to protect themselves from these high risk loans the banks resold them as federally insured mortgage backed securities. Naturally a large number of these loans went bad because, lets face it, poor people can't afford home ownership! Eventually, Freddiemac and Fanniemae were overwhelmed by the losses and went bankrupt. That made those 'federally insured mortgage backed securities' very undesirable to own and their values plunged, and banks and other institutions that owned a lot of them suddenly had huge losses on their books. In 2005, Republican lawmakers tried desperately to curtail the growth of the subprime mortgage market, but were blocked by Democrats.
I hope that to, I think this recession will last on for some years :-/
It's scary the number of companies that are making cuts. My friend just got made redundant.
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