Monday, April 28, 2008

O.C. Register to Cut 80-90 Jobs Immediately

The Orange County Register and its affiliated publications are laying off between 80 and 90 employees, or 5 percent of its workforce, because of declining advertising revenue, President and Publisher Terry Horne said Monday.

Horne said declines in real estate and classified job advertising have created a short-term financial problem that forced the cutbacks, which are scheduled to be completed on Wednesday. He did not provide any financial details other than to say "if you take out the impact of those categories, the Register is still a growth company."

Newspapers nationwide are making cuts in the wake of a 23-year decline in circulation and more recent losses of advertising to the Internet.

"Fundamental shifts have occurred in how people acquire and use information, and this affects how they conduct business on the Internet and with newspapers," Horne said. "If we don't make large-scale changes now, there's no promise of a continually profitable and sustainable enterprise in the future."

This is the third round of layoffs in a year for Orange County Register Communications, the umbrella brand for the Register newspaper, web sites, magazines and other community publications. The company also completed a voluntary severance program to cut staff in 2006. [Click for MORE]

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