Newspapers Company A. H. Belo will lay off 500 people
On Saturday early morning news: Newspaper publishers AHBeloCorp. (AHC) announced that in order to cope with declining revenue, the company would lay off 500 people, which was equivalent to 14 percent of its total number of staff.
The company CEO Robert Decherd informed the employees of this decision in a memorandum and declared that the specific details would be announced by mid-February.
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