Gannett to Overhaul Corporate Structure
by E&P Staff
Gannett plans to eliminate about 100 management positions and overhaul its corporate structure, U.S. Community Publishing President Robert Dickey wrote Tuesday in a letter to employees.
The cuts are in addition to the larger reduction the company announced in August. It trimmed its workforce by 1,000 positions through a series of buyouts and attrition in its newspaper division.
In Dickey's letter, first posted on Romenesko, he cites the impact this recession has had on Gannett's -- and indeed the entire industry's -- financial performance, affecting not only classifieds but all advertising categories.
Expenses at Gannett have outpaced revenue by "threefold," he wrote.
"Today, we are revising our overall organizational structure by eliminating approximately 100 department head positions. This new structure flattens our executive management ranks, enhances the role of our group sites and aligns corporate resources with the field as we aggressively pursue our print and digital strategies to deliver what readers and advertisers want," he wrote.
Gannett is offering severance packages to the affected managers.
Gannett appointed regional managers to oversee circulation, finance, human resources, IT, marketing, and production/operations.
"I believe this new structure will improve communication, streamline processes, accelerate program deployment and, most importantly, improve our marketing efforts," Dickey wrote.
To read the full memo,
click here.
