The axe is swinging at McClatchy's Tri-City Herald?

From comments:

The Tri-City Herald announced it's laying off its circulation director. This after the heads of the IT and customer service depts. unceremoniously left earlier in the year. And the head of HR retired a year or two ago, leaving only one HR rep. None of these managers have been replaced. Some have speculated they're "chopping off the heads", but it seems like it may be turning into a reality.

It's unclear if this is related to the buyouts offered last month (which included some managers).
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If you have more information, leave in comments.