Buffalo News Looking at Layoffs

The Buffalo News may have to lay off 52 employees due to the economic downtown.

A memo sent to all News employees from News Publisher Stan Lipsey on Friday outlined the economic troubles the News has faced due to the reduction of advertising and circulation revenue.

The letter states: "February will be the fourth consecutive month in which the company has struggled with profitability."

Most the layoffs would come from the circulation department with 33, while the rest is split between editorial, classified advertising, accounting and marketing.

The Buffalo News recently increased the cost of a newspaper from 50 cents to 75 cents.

Comments

Popular posts from this blog

Arrests in Operation Diamond Drop

Two Arrested on Drug Charges

Cops: Man Had Sex with 13-Year-Old