USA Today offers buyouts to those 55 and older, have worked at Gannett for at least 15 years
If you are an older veteran of the Gannett newspaper chain, USA Today would like to see the back of you, offering those 55 years of age or older, and have worked at Gannett for at least 15 years, a buyout package to get rid of you.
“To remain highly competitive and aggressively keep in front of shifting consumer trends, we need to continue to ensure that our resources are best applied across the organization,” Larry Kramer, publisher of USA Today wrote in a memo to staff. “While we’ve accomplished much already to transition the business, more remains to be done and we need to continue to ensure that staffing meets our current needs.”
Those who agree to the buyout will get one and a half to two weeks of pay for each year worked, capped at 52 weeks.
No target number was given, but the publisher warned that there may be more layoffs ahead.
“Regardless of the acceptance level of the Early Retirement Opportunity Program, we cannot rule out other actions that we may need to take in the future because of economic and business conditions.”
Gannett will be spinning off its newspaper division, keeping the digital goodies with the broadcast properties. Robert Dickey, currently head of its U.S. Community Publishing, will lead the new newspaper company and have his hands very much tied as Gannett has the new spinoff under contract to use those digital services such as CareerBuilder and Cars.com.