The Meck Deck has an email which Charlotte Observer publisher Ann Caulkins sent to employees. An excerpt:
I want to take a moment and give you an update on the current state of our company and the voluntary separation program. We had thirty-two employees who have left or will be leaving The Observer under the provisions of the voluntary buyout offer.
Unfortunately, the business climate continues to worsen and advertising revenue is lagging. We are evaluating all measures to cut costs as our cost structure must be in alignment with our current revenue projections. This is critical, going forward, so The Observer can continue its mission of providing news and information for Charlotte and its surrounding communities.
There were no specifics in the email beyond informing employees that last month's buyout program was inadequate to deal with declining revenue and increasing costs. Telling employees that management is trying to figure out how to cut costs isn't what employees want to hear. That guarantees the rumor mill will be operating full force, and most employees will wonder if they will be laid off.
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