Memo: Indy Star cuts layoff estimate nearly in half

Publisher Michael Kane (left) has just told employees that The Indianapolis Star now expects to lay off fewer than 55 employees by early next month vs. his earlier estimate of up to 95.

In a memo, Kane says: “As we sorted through our options — which included examining every alternative besides reducing staff — I now believe we can limit our reductions to fewer than 55 employees in early December.”

Kane’s note suggests it’s possible to meet Corporate’s 10% workforce reduction in ways that aren’t limited to cutting payroll. In any case, 55 positions would be 5% of the Star’s approximately 1,100 jobs.

Earlier: We’re building a paper-by-paper list of layoffs and job cuts; just two papers are listed so far, however. Will yours be included?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: