Three major U.S. newspapers have laid off or bought out staff in the last six to seven months. One was USA Today -- who has done this before, and having worked for Gannett and USA Today myself (long ago), I'm not surprised. Sad, but not surprised.
The New York Times bought out and laid off staff in December. USA Today did it in March. Now's it's The Wall Street Journal's turn. WSJ eliminated entire teams of reporters, according to what I read, and they closed international bureaus. They said they wanted WSJ to become more of a digital operation.
That's all well and good, but I firmly believe it will mean less quality for what was an outstanding newspaper. Hated their editorial page views, but the other sections are outstanding. Sure hope they stay that way, but I seriously doubt it.