Huge layoffs expected at Lee Enterprises
BPC Staff May 4, 2022 | 8:07 pm
<1 min read time
66 wordsAll Latest News, Culture, Insurance & Investments, Iowa NewsAxios: Lee Enterprises has been quietly laying off dozens of employees across its local papers and at the corporate level as it continues to cut costs following the unsolicited takeover bid from hedge fund Alden Global Capital, sources tell Axios. One source said more than 400 roles are expected to be cut in total this year across at least 19 Lee-owned local papers and corporate functions.
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