Promoted from the comments in the KMTR thread.
The Eugene Register-Guard has announced it's cutting 30 positions, a reduction of more than 11% of its workforce:
[Publisher Tony] Baker said 13 vacant positions at the newspaper will not be filled. The newspaper also is offering buyout and early retirement incentives to employees throughout the paper.
If the company does not meet its payroll reduction target through those options, layoffs will be necessary, he said. The planned cuts account for about $1.7 million in pay and benefits, he said. The company has about 260 full-time and 140 part-time employees.
Employees will be given until June 27 to make application to accept a buyout offer. Baker said he hopes to have the staff reductions implemented by the end of August.
Baker said in a letter to employees that the paper is running between $300,000 and $400,000 short of projections every month this year.
Sounds like the industry needs better "projectors" or at least those that are more in tune with today's economic and technological trends. I understand that 300k to 400k is a lot to be off by when making such projections (another fancy word for prediction in my opinion.). Why am I not surprised? I do feel sorry for those (who did an outstanding job) the "axe" fell on...