The San Diego Union-Tribune announced a massive round of layoffs yesterday, according to the newspaper’s website SignonSanDiego.com:
The move comes three days after Platinum Equity, a Beverly Hills private equity firm, completed its acquisition of the paper from its longtime owner, the Copley Press Inc.
A total of 192 positions will be eliminated, effective July 6, the company said in a statement. Senior managers told the affected employees Thursday in meetings organized by department. The company said employees will receive transition assistance and termination benefits.
The number of cuts in each department, including the newsroom, were not disclosed.
The 60-day notice is required under federal law for a company the size of the Union-Tribune when conducting more than 50 layoffs
Found via Gary Scott
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