2% cut, does not sound as much but it's a big hit - we'll see what 2017 brings.
Source: http://www.usatoday.com/story/money/2016/10/24/gannett-reduce-workforce-2-help-manage-costs/92673912/
The cutbacks come as other media companies take similar actions. Last week, The Wall Street Journal said it is offering buyouts to a “substantial number of employees” in an effort to limit the number of involuntary layoffs and an email from the top editor of Dow Jones’ weekly magazine Barron’s mistakenly sent to Journal employees revealed that layoffs there were imminent. Both the Journal and Barron’s are owned by News Corp. In July, The New York Times reported that about 80 employees took voluntary buyout packages.