There is nothing being planned as of now in the way of more mass layoffs. On the last round they came back THREE TIMES to ask the newspapers for more. That's why it took so long to make announcements.
Although people are trimming expenses, there is not a whisper of that other type of activity. There is a general acknowledgment, I think, that we cut too deep last time and the organization can't sustain any more. Savings have to come from elsewhere. We have to raise additional revenue with circulation price increases and things like paying for TV books.
There might be some isolated job-consolidation and outsourcing but I'm not looking for any more across-the-board staff cuts. They deliberately went drastically deep last time so as not to have to come back for more.
Hard to evaluate this comment since I don't know who left the comment. Was it a corporate officer with insider knowledge? Or, was it a middle manager who wouldn't have inside info?