Thursday, April 30, 2020

Layoffs at Gannett


Layoffs were taking place last week at Gannett, Poynter reported.

It’s not clear if the layoffs are due to the coronavirus, Poynter reports, or are part of a strategy related to the GateHouse-Gannett merger, which concluded late last year.
The number of layoffs is also not known, according to Poynter. A source did tell Poynter that the layoffs are linked to the merger.
Also in news on Gannett, billionaire Leon Cooperman sold around half of his stake in Gannett at a loss earlier in April, filings show, Business Insider reported
News and Tech

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