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VVM Memo Discusses Company-Wide Layoffs and Cutbacks

By AAN Staff
january 6, 2009  09:55 am
In a Dec. 31 memo to all Village Voice Media staffers, CEO Jim Larkin and executive editor Michael Lacey say "this year we have found it necessary to make staff reductions and have placed all staff openings on hold." The memo also details "additional measures" being taken by the company to weather the current economy storm. All VVM senior managers and officers (including Larkin and Lacey) are taking 15 percent pay cuts, all publishers and editors are taking 10 percent pay cuts, and VVM is suspending its match into the company's 401(k) plan. MORE: Westword loses three editorial staffers, The Pitch lays off several, City Pages parts ways with two, and New Times Broward-Palm Beach eliminates several positions.
View full article at Westword
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