Eesti Päevaleht writes that Postimees daily, for instance, has laid off nine employees including four journalists.
“These are tough times and every company is thinking how to survive,” said Kopli.
Also Äripäev is reducing workforce and could lay off up to 20 people. Äripäev’s CEO Igor Rõtov said that by 2009 the company could lay off between 10 and 15 percent of its employees because of the slump in advertising sales.
“While everything was very good during the summer months, the autumn has shown that our advertising revenues are down 20 percent,” said Rõtov.