Gannett makes company-wide cuts in reorganization
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Title : Gannett makes company-wide cuts in reorganization
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Gannett is cutting less than 1 percent of its total workforce in a company-wide reorganization, a Gannett spokesperson told Poynter Wednesday.
The cuts were announced to employees by CEO Bob Dickey in a video to employees Wednesday. Gannett, which has more than 20,000 employees globally, continues to battle declining print advertising earnings alongside the rest of the newspaper industry.
Its first-quarter earnings showed print advertising revenue decline 17.7 percent compared to the first quarter of 2016, with circulation revenues down 8 percent year-over-year.
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Its first-quarter earnings showed print advertising revenue decline 17.7 percent compared to the first quarter of 2016, with circulation revenues down 8 percent year-over-year.
More
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