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IPFS News Link • Employment & Jobs

Layoffs? You Want To Talk About Layoffs?

• by Michael Snyd

Have you noticed that the pace of layoff announcements has gotten rather fast and furious lately?  Many of the biggest companies in the entire country are now conducting mass firings, and this is reminding many analysts of what we witnessed back in 2008.  During the "Great Recession", millions of Americans ultimately lost their jobs.  Will we see a similar thing happen this time around?  Let's hope not, but right now the signs are not encouraging.  The following are 10 major layoff announcements which have all happened within the past 10 days…

#1 Gannett (the owner of USA TODAY)

Gannett, the owner of USA TODAY and local news operations in 45 states, announced Thursday another round of job cuts in the company's news division after a third-quarter loss and an earlier series of cost-cutting measures.

The company, which plans to cut 6% of its estimated 3,440 staff in the news division, will notify affected employees on Dec. 1 and 2.