Boston Globe Death Watch - It Begins

I've long ragged on the Boston Globe on this site for many reasons, business model being chief among them in changing times. Industries rise and fall all the time and print media is no exception.

I'm gonna now make the Boston Globe Death Watch official in light of recent events - a tweet from Peter Abraham (below) which I take to be a certain / solid exquisite indication of desperation and loss of business, and now we get this beauty:

NEW: The @BostonGlobe is laying off nearly 50 workers at its Taunton mailroom, and is offering buyouts to 55 more, according to a union official, in conjunction with a plan to outsource its work on its direct marketing business, @globedirect https://t.co/RRaSTTyb1X

— Don Seiffert (@BosBizDon) March 23, 2020

Since financial, employment and other metrics are no longer publicly available, I cannot figure out accurate / ballpark numbers for the Globe. Nor would I care to, because I consider it a waste of time to spend any more thought on a dying company I've hated since the second month I started reading it. Best I care to guess - 15% overall drop, bare minimum. It is clear, however, that they are on a southward trajectory, bleeding slowly from a thousand cuts, or a thousand knives if that's how you roll.