The layoffs involve 900 employees at Sanoma Magazines and the conglomerate's local newspapers. Sanoma also said it was abandoning its capital region freesheet, Vartti.
Last month the nation's leading daily, Helsingin Sanomat, owned by the Sanoma Group, announced plans to introduce a paywall while also limiting the number of free articles available to non-subscribers.
According to the Finnish Newspapers Association, almost every Finn reads one or more newspapers daily, but making money online continues to be a challenge. Over the past year, newspapers in Finland have cut more than 100 journalists from staffs, leading to protests and walk-outs at some papers.