Layoff Announcement: Thirty Positions to be Eliminated by Information Cooperatives
The scrappy independents over at the National Cooperative of Independent Information (CN2i), which owns six regional newspapers — Le Soleil, Le Droit, La Tribune, Le Quotidien, La Voix de l'Est, and Le Nouvelliste — have axed 30 jobs. They've even sent a collective pink slip to the Quebec Ministry of Employment and Social Solidarity.
Things got juicy on April 10 when the CN2i board of directors chopped ties with La Presse over a potential integration of their journalistic shenanigans. Seems like La Presse's offer could've led to twice as many pink slips as CN2i's own restructuring plan. Gutsy move, huh? The cooperative is now going hammer and tongs with their "sustainability plan" to get their books balanced by the end of 2026.
This plan could potentially burn through 35 to 45 positions, with 9 already off the payroll. The cooperative currently employs 230 people.
La Presse wasn't the only one eyeing 'em. In March, Pierre Karl Péladeau, Quebecor's Suave CEO, encouraged the CN2i crew to explore all their options.
Now, let's take a brief detour from the dirty deets to understand what could be driving decisions like these.
Organizations usually tighten their purse strings and slice headcounts when they're staring down the barrel of financial woes. Slashing personnel costs can help take the edge off budget strains and keep the lights on. Cutthroat market conditions and tech advancements might also push companies like CN2i to revamp their strategies.
And when it comes to their sustainability plan, CN2i will probably focus on financial health, striking strategic partnerships, embracing innovation, and churning out legendary content that keeps readers on the hook.
But hey, if you've got a bead on more juicy details or context about CN2i, I'd be more than happy to drop some knowledge bombs to help you make sense of it all.
In 2026, the CN2i cooperative aims to balance their books through their "sustainability plan," which may lead to the loss of 35 to 45 positions, boosting the initial 30 jobs that were axed due to restructuring. This plan comes amidst potential integration deals and encouragement from notable figures like Pierre Karl Péladeau, Quebecor's Suave CEO. The CN2i cooperative, known for owning six newspapers such as Le Soleil, Le Droit, La Tribune, Le Quotidien, La Voix de l'Est, and Le Nouvelliste, is focusing on financial health, strategic partnerships, innovation, and quality content as part of their plan.
