According to Reuters, a company called Reuters (wait, what?) laid off about 100 people today.

With a tip of our hat to our Tina-whisperer sister site, we decided to give the internal Reuter's lay-offs memo the old two column treatment.

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This has been a long and difficult budget process, made complex because we as a company want to be very sure that actions we take in this last year of Fast Forward position us very well for 2006 and beyond.Put your head between your legs and kiss your ass goodbye.
Job losses are never easy to announce or deal with as we see the impact on colleagues and friends.They are, however, slightly easier to announce when you rely on platitudes.
We remain committed to being the world's premier news agency and will continue to rely on the skills of our reporting and editing network to keep us number one.Please be prepared to work twice as hard. Oh, and Merry Christmas.
Some of the cuts we will make will be as a result of our migrating work to another location and thus maintaining or improving our service to customers. But the majority of cuts will be from two other areas: as a result of our putting more emphasis on coverage from central, hub locations where we can build up specialization and expertise and as a result of decisions by our specialists in cooperation with the business as to where we need to de-emphasize some areas of coverage as we focus effort on the core.Blah, blah, blah. Everything's gonna be in Bangalore. Boxes are available in the supply closet: We will be counting desktop mice, so don't even try it.
Thank you for your patience during this time, and, most importantly, thank you for continuing to deliver such a sparkling journalism in what has been a difficult environment.Please don't cry in your cubicle. There are more than enough stalls in the restrooms for you to express yourself.


Reuters cost cuts to affect 100 editorial jobs. [Reuters]
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