The blood letting has not slowed at the newspaper as the body count has reached sixty-six, with additional employees to be let go until we reach the end of the third quarter or September 30th.
The majority of the affected employees will receive two weeks pay for the 1st year of service, and one additional week of severance for all additional years of service. Can someone tell me what the limit is for severance, fifty-two weeks, twenty-five weeks?
Here’s the breakdown of layoffs at the Los Angeles Times.
Editorial = 16
Advertising = 2
Circulation = 14
LAT Magazine = 1
Marketing = 2
Pressroom = 10
Packaging and Distribution = 16
Paper Handling = 5