Details on the CareerBuilder layoffs.
Posted on December 15, 2008
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The editors over at Inquitr.com, have a lot more details on the CareerBuilder ownership between Tribune and the other newspapers. They have some interesting thoughts on how Gannett’s recent payroll cuts might be at play as well.
What’s interesting is this, maybe Gannett and Tribune already discussed their ownership needs, (ie possibly cash), and they have already starting sucking the cash out of CareerBuilder. The rapid, and all of sudden, “boxes coming up the elevator”) speed of the layoff, makes me think it was definitely scripted to happen at the same time Tribune filed Chapter 11.
This action, on behalf of Tribune says to the ownership, debtors, and judges… “This is a solid cash business, we want to continue owning it, and not sell it, but we need to “restructure”. And with the restructuring plan we have already started implementing, we think we can take a little extra “profit” out of it, to help pay some of the other bills.
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