WSJ Memo: We're Creating A Single Newsroom That Does Away With Duplication

'The Layoffs Memo'
NEW YORK - APRIL 26: An issue of The Wall Street Journal is viewed in a vending machine on April 26, 2010 in New York City. The Wall Street Journal commenced a New York edition today that will directly compete with The New York Times. The new section of the paper, which was recently purchased by Rupert Murdoch, will feature local news, culture and sports. (Photo by Spencer Platt/Getty Images)
NEW YORK - APRIL 26: An issue of The Wall Street Journal is viewed in a vending machine on April 26, 2010 in New York City. The Wall Street Journal commenced a New York edition today that will directly compete with The New York Times. The new section of the paper, which was recently purchased by Rupert Murdoch, will feature local news, culture and sports. (Photo by Spencer Platt/Getty Images)

I'm told that the note below from Wall Street Journal managing editor Robert Thomson -- sent out shortly after noon today -- is being described in the newsroom as "the layoffs memo." In it, Thomson writes:

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