Layoffs
The competition from Facebook and Google is getting too steep.
The lay offs will occur between April 13 and April 30.
“It’s journalism, so everything’s unstable and you kind of roll with it,” said one staffer. “But there was no indication that this sort of thing was coming.”
WHAT'S HAPPENING
About 300 employees will eventually be let go.
The cuts come as the world's largest retailer struggles to shore up its profit margins.