Just a guess, but some of these companies are highly leveraged (mcclatchy definitely is), which isn't sustainable when rates have been hiked and revenue doesn't

Just a guess, but some of these companies are highly leveraged (mcclatchy definitely is), which isn't sustainable when rates have been hiked and revenue doesn't grow to match. If they're calendar year, now is the time they have to evaluate their next debt rollover. Hence the layoffs.