McClatchy to cut 1,600 jobs

McClatchy, the newspaper industry of United States said that it would cut 1600 jobs which would appear like 15 percent of the work force. This job cut is to face the downturn in economy. This added with the decline of profit and revenue in terms of advertising.

Including Miami Herald, Sacremento Bee, Anchorage Daily News are under pressure to reduce thte cost and spendings made in purchasing newspaper from Knight Rider Incorporation. And this job cut would be achieved in several ways through performance, activites and some of the severance programs.

Read about : McClatchy

Post a Comment