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Wall Street Journal, Gannett, to Lay Off over 1,000 Workers
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by Amy Judd | June 30, 2009 at 04:44 pm
92 views | 12 Recommendations | 2 comments
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.
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Most RecentMost Recommended Comments (2)
at 05:00 on July 1st, 2009
I'm sorry about this news. It's not surprising that more and more journalists are re-structuring their skill sets to remain competitive.
at 20:49 on September 21st, 2009
This is very sad news indeed the Wall Street Journal has always been the best source for news on Wall Street!