Thursday, December 17, 2009
More Than 15,000 People Have Lost Their Jobs in 2009 in Newspaper Industry
In December alone, 705 buyouts and layoffs have already been announced. That is the most in any single month since July. That means 15,093 people have received their pink slips or have opted into a buyout package in the newspaper industry this year.
In addition, there are fears of another round of layoffs at The Los Angeles Times that could reach as many as 40 people.
Reducing payroll expenses has had its anticipated effect on newspapers as profits are on the rise once again, as The Associated Press reported last week:
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