Gannett Announces COVID-19-Related Furloughs and Other Cost Reductions

The already-barebones Gannett newspaper chain has announced massive COVID-19-related cost reductions through June, according to a memo to the staff from Maribel Perez Wadsworth, president of news and publisher of USA Today.

Employees making more than $38,000 will be furloughed for five days during each of the three months. Wadsworth says she will take a 25% pay cut, although I don’t know what she’s making now.

Wadsworth’s portfolio includes Gannett’s local newspapers and websites, including the former GateHouse properties in Eastern Massachusetts, Rhode Island and New Hampshire.

RSS
Follow by Email
Facebook
Facebook
Twitter
Visit Us
LinkedIn
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *