DallasNews is announcing a limited voluntary staff reduction program that will be offered across all departments to eligible individuals at The News and Medium Giant. Though the exact number of people who will take the option is unknown, it is expected that this could ultimately reduce the total workforce by about 6 percent, or 40 full-time and part-time positions. “Like any business, DallasNews Corporation must achieve profitability to be a healthy and sustainable organization,” said Grant Moise, the Company’s Chief Executive Officer and publisher of The News. “While we will be parting with some who have been with us for many years, I hope this program will provide a helpful bridge to their next chapter. We are genuinely appreciative of their fine work.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DALN:
- DallasNews Corporation Continues to Enhance Strategy of Sustained Profitability and Growth
- The Dallas Morning News Launches Transformative Series Examining Fentanyl’s Deadly Grip on North Texas
- DallasNews Corporation Announces Second Quarter 2023 Financial Results
- DallasNews Corporation Announces Schedule for Second Quarter 2023 Financial Results Release and Conference Call