It is estimated that at least half of the number of those fired will come from the ranks of the site's content system, and the rest will come from the various departments of the newspaper
Five years since Globes publisher Alona Bar-On along with her partner Anat Agmon purchased Globes, and the economic newspaper is facing one of the largest waves of layoffs it has ever known. It is estimated that between 25-30 employees will be forced to leave the newspaper in the coming weeks. This is when the total number of employees at the newspaper does not exceed 200.
It is estimated that at least half of the number of layoffs will come from the ranks of the site's content system, and the rest will come from the various departments of the newspaper.
Assuming the wave of layoffs clears the legal hurdles and the agreement of the workers' committee and the journalists' organization, it will actually be the most significant cut since the newspaper's transition To the owners of the news. As you may recall, upon its purchase, dozens of veteran journalists ended their work at the newspaper, this as part of a business model in which the last step was the establishment of a pay wall for subscribers - a move that is still unclear as to how successful it was, if at all.
Also this time, it is estimated that the newspaper will say goodbye mainly to old employees, whose salary is considered higher, but voila!
Barangay also learned that newer editors and reporters are also aware of the management's intention.
During the next few days, meetings of the representatives of the management with the journalists' organization are expected to discuss the extent of the layoffs.
As a reminder, Globes employees sign a collective agreement.
However, the management employees are not signatories to this agreement.
Globes System Building (Photo: Reuven Castro)
In the background: a silent wave of abandonment
The newspaper blames the wave of layoffs on a sharp drop in advertising revenue as well as a drop in revenue from marketing content and conferences - a branch that was previously considered significant in the newspaper, and in which quite a few budgets and personnel were invested
The newspaper system is waiting for the full list of those fired to be issued by the management, but there are several employees who have already chosen to leave the system in the last few weeks, this at the end of a year in which the newspaper also suffered from a quiet wave of abandonment and a much higher employee turnover than is customary in the industry, when many reporters and editors left the system, and their positions were not filled re.
Only in the last few days, the head of the news department, Galit Porat, finished her work only one year after she arrived at the newspaper.
Financial consumer reporter Eti Afalo also chose to leave the newspaper less than a year after joining it.
Both came to Globes after many years at Calcalist.
They are joined by a long list of other deserters in recent months, including the advertising reporter, the aviation and tourism reporter, the macro reporter and others.
The newspaper blames the wave of layoffs on a sharp drop in advertising revenue as well as a drop in revenue from marketing content and conferences - a branch that was previously considered significant in the newspaper, and in which quite a few budgets and personnel were invested.
According to the source privy to the details, the management also intends to raise the prices for appointments in the future.
According to the source, the intent of the "efficiency plan" is to unify the print and digital systems, a move that is unclear as to its nature and scope, since in practice, both systems already operate almost entirely under a common content headquarters.
Alona Bar On (Photo: Walla! NEWS system, Shlomi Yosef)
A source familiar with the details of the negotiations with the workers' council testifies that the newspaper explains that the newspaper's weekly supplement G generates losses every month. As I recall, only 3 years ago the newspaper chose to invest strategically in what they then called the "new weekend package". On the other hand, according to the source, The management claims that the new culture supplement launched this year is profitable, and "brings advertisers who were not in the newspaper before."
Last week, the Globes publisher sent a letter to the employees, in which they announced the cutbacks plan, alongside praise for the newspaper's actions in recent years.
Among other things, she wrote that "In addition to improving the content - we also greatly improved the operational and business side. The transfer of distribution to the morning, the closing of the printing house, the launch of the payment wall, and dozens (!) of other complex administrative moves, resulted in a sharp improvement in the business situation of Globes, and an increase of dozens Thousands of paying digital subscriptions who read our content."
However, it should be noted that in the latest TGI survey, which measures the scope of exposure to the written press, Globes reached the lowest figure for an economic newspaper in Israel.
Alona Bar On
Organization of journalists