The Gannett Co.'s company-wide downsizing effort reached 1,770 newspaper jobs Thursday, according to blog operated by a former longtime Gazette editor.
The cuts come following the release of Gannett's recent profit margins for several of its newspapers, which, contrary to popular belief, show the company seems to be doing quite well. Several of the papers are making more than 35 cents on the dollar, including the Green Bay Press-Gazette's 42.5 percent profit margin.
Gannett, the nation's largest newspaper chain, announced it would cut 10 percent of its workforce, or about 3,000 jobs, in late Oct. About 1,000 Gannett jobs were already eliminated in August. In this recent round of cuts, the newsroom to be hit hardest so far is the Salinas Californian, which lost 31 percent of its workforce or 130 jobs.
"As difficult as this is, it does provide us with an opportunity to take a look at everything we do," said General Manager Terry Feinberg told his newsroom.
Other notable papers that have lost a considerable amount of employees include the Des Moines Register, which has elimiated 41 jobs, and the Tennessean, which has cut 92.
Read more about the layoffs here and here.
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