Wall Street Journal, Gannett, to Lay Off over 1,000 Workers
Gannett, one of the largest newspaper publishers in the United States, that publishes Wall Street Journal, is to lay off over 1,000 workers due to a slow off in advertising sales.
As much as 2,000 people could be laid off in this latest round of cutbacks, but the actual number is not yet known.
Gannett didn't immediately respond to requests for comment. The company currently employs about 41,500 people after jettisoning about 10 percent of its work force last year.
The upcoming purge isn't expected to hit Gannett's largest newspaper, USA Today, the Journal said. Gannett owns more than 80 other daily newspapers.