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Topic: Memos Sent to Romenesko
Date/Time: 10/23/2007 7:26:36 AM
Title: Houston Chronicle to reduce workforce by 5%
Posted By: Jim Romenesko
 
Letter from Houston Chronicle publisher Jack Sweeney

October 22, 2007

Dear Chronicle Employees:

In this complex and competitive information and media environment, with consumer choices multiplying daily, our new strategic plan calls for more resources to be dedicated to new technology and product development. We need to operate differently, and at less cost, as we continue to build our line-up of products to capture more audience and ad revenue market share.

That, coupled with a downturn in our financial performance over the past five years, plus an '08 budget projection with another drop in revenue, sets the stage for a reorganization and, unfortunately, a position-elimination program.

A staff reduction in the five percent range, through layoffs and the elimination of open positions, is scheduled for Monday and Tuesday Oct. 29-30. If you have any questions regarding this program, I encourage you to contact our Human Resources Department.

Jack Sweeney

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