This shouldn't come as a surprise. Group Publisher Mac Tully said in a letter to employees in November:
- "Based on today’s economic outlook, it seems inevitable that we will have to have some layoffs at the beginning of the calendar year. That’s the last thing anyone wants to do, but given the economic environment that we’re operating in, I don’t see how we can avoid it. The scope of such action will depend, at least in part, on how the holiday shopping season turns out."