Ben Mullin of New York Times reported via X that Gannett (GCI) is offering buyouts to its staff, citing an mail just now from its CEO Mike Reed. “We need to adjust our organization to efficiently meet the needs of our business today…as we continue to use A.I. and leverage automation to realize efficiencies,” Reed is quoted as saying.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GCI: