KRF Lays Off 125; Parent Looks For Better Margins

VENDOR STRATEGIES

As expected, as part of its global reorganization, Knight- Ridder Financial has laid off 125 people -- 10 percent of its work force -- worldwide, and reassigned a significant number of others. But the dust is far from settled. The president's slot is not yet filled and the company is still trying to find a director of sales for the Americas. At the same time, Knight-Ridder Inc. has put a finer point on its corporate intentions. At a meeting for analysts earlier this month, chairman and chief