• by Ray Schultz , August 5, 2025

Gannett is offering buyouts to employees as it faces revenue challenges, according to The Providence Journal, a Gannett paper.

“Given our static revenue trends, we need to adjust our organization to effectively meet the needs of our business today and position ourselves for sustainable growth in the future as we continue to use AI and leverage automation to realize efficiencies,” Gannett CEO Mike Reed said in a memo to staff, the Journal reports.  

The Journal has seen its print circulation sink to 16,000 per day, the paper states. 

Last week, Gannett announced there would be $100 million in cuts and a hike in subscription prices in its Q2 financial report. 

This occurs as layoffs continue to hit the media industry. For example, Ziff Davis laid off 23 people, mostly from CNET. 

The Providence Journal reports that: more than 21,400 media jobs were lost in 2023.

“This is a moment to tap into AI-driven automation across our workflows and back office processes, which is expected to unlock an additional layer of operational efficiency,” Gannett's chief financial officer, Trisha Gosser, said during an earnings call last Thursday, the Journal continues.