McClatchy to cut 15 percent of staff
09 Mar 2009
Faced with dismal fourth quarter earnings, McClatchy says it will cut 15 percent of its full time staff or 1,600 people.
The headcount reductions will be achieved through severance programs, attrition and further consolidations and outsourcing of some business functions, the company said, and will result in approximately $30 million in severance costs. All cuts will be in the first q