UPDATED: Sources tell LEO that the number of layoffs at the Courier-Journal is now totaling 50, including 24 editorial positions.
Further, the Velocity weekly as you know it will cease to be, and will be replaced by a smaller version folded in with the Courier itself, to be published on a day of the week as yet unknown.
Sources also say that among the elder journalists let go were Betty Winston Baye, a columnist for the paper since 1991.
A truly sad day for local journalism.
The original post follows below.
This is not a banner day for journalism. Gannett Co. Inc. is in the midst of hundreds of layoffs nationwide, and Louisville’s Courier-Journal is not spared.
An email went out earlier notifying staff that layoffs would occur today. An employee at the Courier who wanted to remain anonymous said he’s anxiously waiting for another email that will alert staff when the layoffs are over: That’s how he’ll know his job is still safe.
Other sources say that terminated employees will not receive a severance package, which will instead be replaced by accrued vacation time.
The Gannett blog is reporting 36 layoffs at the Courier. Sources tell LEO the cuts are targeting the paper’s neighborhood section and Velocity, Gannett’s alt-weekly publication.
Adding insult to injury, the Gannett blog also reports Gannett Co. Chairman and CEO Craig Dubow made $9.4 million last year, including a $ 1.75 million cash bonus, based partly on his ability to reduce costs through layoffs and furloughs.
(Jonathan Meador contributed to this report)