Layoffs Planned for Staff at the Globe and Mail

It is bad news for one of Canada’s leading national publications. The Globe and Mail informed its employees that there will be layoffs forthcoming:

“…The memo said a voluntary buyout plan will be offered to employees and warns that further cost-cutting measures will be required.

“I regret to say that voluntary severance alone is unlikely to produce a large enough response to avoid layoffs,” wrote Mr. Crawley in the memo.”

link: Globe and Mail likely to lay off unspecified number of staff

The loss of advertising revenue to the internet, coupled with the poor economy, has placed the Globe and Mail under financial pressure. The announcement lacks specifics and it comes at the very end of the work week. The business model going forward must create high anxiety among the Globe and Mail staff. Where does one find work in the newspaper industry when the whole sector is struggling to maintain profitability?

Catherine Forsythe