Business
McClatchy Makes Deep Job Cuts to Newspapers Around the Country
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McClatchy is a big company. It owns many newspapers across the country. One famous newspaper is The Miami Herald. Now, McClatchy makes big job cuts. This means many people lose their jobs at these newspapers. The company says not enough people pay for the newspapers. They call these people subscribers. Because there are fewer subscribers, the company does not make enough money.
The company says it cannot spend as much money as before. They cannot keep all their workers. So, they have to let some people go. This helps the company save money. An employee at one newspaper says it is very sad. The employee calls the job losses a "blood bath." This means it is a very bad situation for many people.
McClatchy hopes these changes help the newspapers stay open. They want to find a way to keep giving news to people. But for now, many workers are losing their jobs. It is a tough time for newspapers and their employees.
Vocabulary Help
cuts
When a company removes jobs or reduces spending.
subscribers
People who pay money regularly to receive a product, like a newspaper or magazine.
owner
The person or company that legally has something, like a business or property.
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