Just remember, Corporate: Gannett's 46,000 humor-filled employees aren't laughing at you -- they're laughing with you!
[Photo shot on the terrace of Gannett Blog's global headquarters. I had planned to make an obscene gesture, but Sparky wouldn't let me]
[Photo shot on the terrace of Gannett Blog's global headquarters. I had planned to make an obscene gesture, but Sparky wouldn't let me]
Check out the concluding paragraphs from this Market Watch post ...
ReplyDeletehttp://tinyurl.com/6rynja
"Gannett has historically been regarded as a prudent, well-run company. But Wall Street on Thursday isn't rewarding the company for once having the optimism and long-range strategy of launching USA Today in 1982. Nor is the Street hailing Gannett for its years of expertise and strong management.
"Instead, Wall Street is thanking Gannett for cutting costs, big time."
Enough said.
You know Jim, Gannett is not the only newspaper company, to have a hard times of it> It has been well publicized, about the NYT, WP, and others non Gannett newspapers, having to lay off, and raising rates. Gannett held off as long as possible. Which said something to me about their concern for their employee. For the rest of the people, who are reading this, no I do NOT WORK FOR GANNETT.
ReplyDelete8:12 A.M. – Gannett began quietly cutting and eliminating positions well before this news.
ReplyDeleteFor example, Cincinnati’s head hunt for 50 people pales to the number of positions that have disappeared in the past year or so which easily has been more than double that amount (Centers of Excellence, other circ reductions, off-shoring, plant closure, etc., etc).
In regard to concern for employees, the fact that Gannett let all of its employees twist in the wind for so long regarding this news speaks volumes. Hell, it even left Wall Street out of the loop until now. Which, in and of itself, is surprising as had Gannett shared this news when the haphazard layoff announcements began, Gannett’s stock would have jumped weeks ago. Any finance novice knows this, yet apparently not Gannett’s management which speaks volumes too.
As for the tough times that Gannett is having, you don’t have to look very deep to see that they own a big chuck of responsibility for that too.
I love that shirt!
ReplyDelete8:12, what's your point? Do you think that just because other newspaper chains are having hard times that Jim shouldn't be blogging about Gannett's blunders? I am a Gannett employee and I find this blog extremely informative. I don't necessarily need this sort of detail about other chains. I need it about Gannett and where I and thousands of others work. I am sure other chains have their bloggers. So, again, what's your point? Seems like you want to silence Jim and all of us who comment on the company. What could your motivation be for pointing out the obvious? Sure, newspaper chains in general stink. But please don't paint Gannett to be some shining example of how a company should treat its employees. Gannett has done some awful things in its history, regardless of what Wall Street thinks.
ReplyDeleteTrue fact: Wall Street doesn't care how you treat your employees. (So long as you're not getting sued into oblivion.)
ReplyDeleteThe market rewards financial results - profit, growth, yield, so forth. Say you abuse, cheat and deceive your worker bees to get those results? The street has no problem with it.
Neuharth always said it was pronounced gan-NETT with emphasis on the net!
ReplyDelete... and now it's Ga-NETT with the emphasis on the INTER-net ...
ReplyDeleteAfter seeing you in that T-shirt, I've made up my mind: I want to have your babies!
ReplyDeleteWashington Post Co. has always treated its newsroom employees far better, as actual human beings. No comparison. And they did buyouts, not layoffs, at the Post. Very nice buyouts.
ReplyDelete