MCLEAN, Va. -- Gannett is poised to lay off more than 1,000 employees as the largest U.S. newspaper publisher continues to try to offset a steep drop in advertising sales.
Somewhere between 1,000 and 2,000 people will lose their jobs in Gannett's latest round of cutbacks, according to a story published Tuesday on The Wall Street Journal's Web site. The Journal quoted an unnamed person familiar with the McLean, Va.-based company's thinking.
Gannett didn't immediately respond to requests for comment. The company currently employs about 41,500 people after jettisoning about 10 percent of its work force last year.
The upcoming purge isn't expected to hit Gannett's largest newspaper, USA Today, the Journal said. Gannett owns more than 80 other daily newspapers.
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