- Wall Street cheers as Gannett cuts 1,000 positions
This is the message sent: If you cut jobs, big time, we will reward you.
Newspapers that are run like businesses will follow suit. The problem – this is short term thinking. It’s cut-throat and business savvy and I understand it – but it’s not investing in the future.
That’s how infrastructures become weak and how industries crumble. Danger Will Robinson, danger!!!