Gannett – “Gannett is collapsing. Stay far, far away.”
Pros
You would have to be desperate to work for Gannett. The few workers who are left at the local operating units are performing the tasks of 3 or 4 people. At the same time they are also looking over their shoulders, wondering if they will be the next person to be fired or laid off. Those same staff members are also being forced to take their second unpaid furlough this year. Workers who are under contract and refuse to take unpaid leave are being ushered into their supervisor's office and pressured into taking time off for the company. All of this has created a horrible, morale problem.
Cons
Layoffs, firings, insensitive-uncommunicative management, furloughs, siege mentality, too few workers to perform the required tasks, corporate owners who care only about the stock price. Other than that, it's a great place to work.
Advice to Senior Management
You've killed the company.