That's far less than Gannett Blog 's original number but still certainly significant. Last year the company, with a current workforce of 41,500, cut 10% of its staff. This news comes on the heels of significant restructuring at Gannett's Minneapolis-St. Paul station, KARE-11. On June 16th, the station let go of Senior Executive Producer Lonnie Hart who had been with KARE for over 21 years. Then, a week later, KARE announced that the staff would be hit by a 4-6% pay cut effective July 1. According to Media Decoder, analysts predict Gannett's advertising revenue in the second quarter to be as worse as the first quarter in which the company saw a 34.1% drop compared with the period a year earlier, as well as 60% drop in profit.