It was expected that Platinum Equity would make job cuts a centerpiece of its restructuring plan at the San Diego Union-Tribune and today we learn their magnitude. Beverly Hills-based Platinum, which completed its purchase of the paper three days ago, announced that it would slash 192 positions between now and July 6.
The layoffs represent about 18 percent of the total workforce and will cut across all departments - there is no breakdown for how many newsroom staffers will be lost. About 850 employees will remain once the layoffs are completed.
The Union-Tribune story about the cuts notes that the paper just won a fourth Pulitzer Prize this year, for editorial cartoonist Steve Breen.
(Union-Tribune via Romenesko)