September 13, 2016

Canada’s #1 newspaper, The Globe and Mail, is the latest media outlet to fall prey to necessary staff cuts. In an all-staff meeting last week, employees were notified of voluntary severance packages that would be offered in the coming months. To avoid staff layoffs, 40 employees need to accept the buyouts to help the media outlet reduce costs. With a current staff of about 650, the staffing cuts amount to about 6 percent of The Globe’s workforce. The hope is to offset revenue losses as part of the company’s three-year cost reduction plan.