There are numerous valid points made in most of the replies to the layoff. This is not new but it drives the final nail home for me. After working as for military/government contractors as an engineer for 30 years (I'm including my own time in the US Navy), I left it all for the dream of working for a newspaper. Started freelancing, went contract and, in 2005, got hired full time for a small weekly. That was a great year. My wife, who was a education/business reporter for the same weekly, and I garnered bonuses amounting to roughly $25 grand for that year (the only year it happened) 😱! But when the 2007 bust hit, I instantly saw the handwriting on the wall. I probably had a few weeks, if not days, before I would have gotten my notice. I was fortunate to return to military contracts until another layoff hit them in 2012. Now, approaching 66 years old, I know it is time to hang up the DSLRs, go totally to rangefinders or the Fuji X-System (just got the new X100S) and go to finding images that make a difference. For me, I am looking to work with non-profit organizations that can use the help. The pay, if any, will be small but I am at retirement age and can survive on what I have put away over the years.
What really gets me about this particular layoff is that, according to the union for these staffers, they were in negotiations for a contract and had been told no layoffs were planned. Then they get called to a mandatory meeting on yesterday (30 May 2013) and are told they are all gone effective immediately. Sounds like little severance, if any, and no place to go. BUT the moneychangers keep their jobs. I remember one editor giving a presentation about the [at the time] new camera phones. He was gushing how he had taken an image from a "citizen journalist" and blown it up on the front page. His words, and they are still true today for the management staff, "It is good enough!" No matter that it was so fuzzy you could not really tell what was going on.