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<ref name=layoffs>[https://www.poynter.org/reporting-editing/2022/gannett-reports-disastrous-financial-results-layoffs-are-coming/ ''Poynter.org'', "Gannett reports disastrous financial results; layoffs are coming", August 4, 2022]</ref> At the end of August, the company announced that it was laying off 3% of its United States workforce, which was about 400 employees. At this announcement, Gannett also said they would not be filling 400 open positions.<ref>{{cite news |last1=Fu |first1=Angela |title=After weeks of silence, Gannett revealed that it laid off 400 employees and cut 400 open positions |url=https://www.poynter.org/business-work/2022/gannett-august-2022-layoffs-400-employees/ |access-date=September 3, 2022 |publisher=Poynter |date=August 31, 2022}}</ref>
 
At the time of the announcement, Gannett stock—whichstock, which was already down about 45% on the year—fellyear, fell an additional 28.5%.<ref name=layoffs/>
 
In October, the company announced the second round of financial austerity steps. These included the requirement that all employees take a week of unpaid leave in December, and a suspension of matching contributions to employee 401(k) accounts. Gannett also instituted a hiring freeze and is seeking volunteers for buyouts.<ref>{{cite news |last1=Fu |first1=Angela |title=Gannett announces new cuts including mandatory unpaid leave and buyouts |url=https://www.poynter.org/business-work/2022/gannett-announces-new-cuts-including-mandatory-unpaid-leave-and-buyouts/ |access-date=October 13, 2022 |publisher=Poynter |date=October 12, 2022}}</ref>
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Gannett announced around 200 more layoffs, or 6% of the news division, in November.<ref>{{Cite web |last=Edmonds |first=Rick |date=2022-11-17 |title=Gannett tells its news division that more layoffs are coming Dec. 1 |url=https://www.poynter.org/business-work/2022/gannett-tells-its-news-division-that-more-layoffs-are-coming-dec-1/ |access-date=2022-11-17 |website=Poynter |language=en-US}}</ref>
 
As part of the cuts, Gannett stopped printing six community papers, collectively known as the Observer and Eccentric chain, in southeast [[Michigan.]], This cut includedincluding the print editions of the ''Livonia Observer'' as well asand papers covering Westland, Farmington, Plymouth, Canton, and Birmingham.<ref>{{cite news |url=https://michiganadvance.com/2022/12/17/everyones-just-a-dollar-sign-to-them-gannett-journalists-reel-from-new-cutbacks/ |title='Everyone's just a dollar sign to them': Gannett |first1=Anna |last1=Gustafson |newspaper=[[Michigan Advance]] |date=December 17, 2022}}</ref><ref>{{cite news |url=https://www.mondotimes.com/1/world/us/22/1246/3126 |title=Livonia Observer |work=[[Mondotimes]]|access-date=December 19, 2022}}</ref> <ref name="Voice">{{cite news |url=https://plymouthvoice.com/muffled-sound-of-death-knell-for-a-once-real-newspaper/ |title=Muffled Sound of Death Knell for a Once Real Newspaper |newspaper=[[Plymouth Voice]] |date=December 18, 2022 |quote=Gannett, a Virginia based publisher {{mdash}} the largest newspaper chain in the U.S., announced they will cease printing six local publications {{mdash}} part of the Observer and Eccentric community papers. The final print editions of the bi-weekly Plymouth, Canton, Birmingham, Farmington, Westland, and Livonia Observer were published on Sunday, Dec. 4.}}</ref> Gannett indicated that the publications would provide online content.<ref name="Voice"/>
 
===Acquisitions===
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