Blame it on California and Florida where the housing collapse and abundance of foreclosures are in an all time high, is what experts say the reason for McClatchy's major layoffs across the nation.
"1,400 McClatchy Co. employees targeted for layoffs can blame their job loss on the faltering newspaper economy in general, their company's specific concentration of papers in California and Florida where the housing collapse has been most acute -- and a forward-looking strategy once hailed as a way to avoid precisely this kind of pain," Editor and Publisher
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