UPDATED at 1:10pm below in red
The McClatchy Company, parent company of the Miami Herald, announced Monday that it’s slashing its workforce by 10%.
From the McClatchy press release:
“The effects of the current national economic downturn — particularly in real estate, auto and employment advertising — make it essential that we move faster now to realign our workforce and make our operations more efficient. I’m sorry this requires the painful announcement we are making today, but we’re taking this action to help ensure a healthy future for our company.”
My sources say that the Herald will be cutting 17% of its employees. This is confirmed by a story on the Herald’s website. About 250 employees are affected including 190 who will be laid off (fired).
At another McClatchy owned paper, the Charlotte Observer, publisher Ann Caulkins announced that the Observer is cutting 11% of its workforce or about 123 jobs; 22 of those in the newsroom.
McClatchy Watch has a breakdown of cuts at other McClatchy-owned papers.
It looks like the Herald is the hardest hit so far.
One sentence in the first graph is very telling.
“For The Herald newsroom, this will mean a series of steps, including buyouts, reorganization of several departments, a leaner management and an expansion of outsourcing.”
“Leaner management” apparently means that some managers will probably be losing their jobs. And how the newsroom will be affected by “an expansion of outsourcing” remains to be seen.
The memo goes in to great detail outlining meetings that are going to take up much of the day and where no doubt more than a few tears will be shed and feelings laid bare.