Heads have begun to roll at US-based newswire service the Associated Press, as the agency attempts to cut its costs by 10%.
Job losses
leaked 
The axe is about to fall at Newsweek
Politico has its hands on an internal memo from Newsweek editor, Jon Meacham, informing staff that about a dozen job are about to be cut.
Why you should never piss-off a sub-editor
Newspaper The Toronto Star recently announced it would be outsourcing some of its sub-editing work. So the paper’s disgruntled subbies have taken a red pen to the publisher’s internal memo announcing the move, proving exactly why they’re needed.
media death watch 
The Time Inc. carnage begins
Forced to cut $100m in expenditure, publisher Time has begun trimming the fat, announcing layoffs at Sports Illustrated and the closure of Fortune Small Business. And this is just round one: 280 layoffs are expected in total.
Henry: Stimulus cut will kill jobs
The removal of the governments fiscal stimulus now would cost Australia 100,000 more jobs, Treasury Secretary Ken Henry has told the Senate Economics Committee this morning.
US unemployment a social powder keg
On the surface, the latest US unemployment data is better than expected, but it hides the real continuing pain and agony across thousands of American cities and towns.
Political economy: employment data spread cheer
Weekend news had US unemployment rising to 10.7 %, but the better news is that the rate of job loss continues to fall, writes Henry Thornton.
newspaper death watch 
Thousands tipped to go at Gannett
The Gannett Company, publisher of USA Today and 84 other US titles, is rumoured to have 4500 on the chopping block since their ad revenue dropped 34.1% in the first quarter this year.
The Age online sacks casual staff
Fairfax Media has sacked its casual staff at The Age online and — according to insiders — threatened the editorial quality of its popular website in the process.
Myspace unfriends 400
MySpace has laid off 400 employees as marketing revenue falls and Facebook takes the lead in the social networking stakes.
Pulitzer won’t save jobs in journalism’s brave new world
It appears even the holy grail of journalism awards can’t save writers from unemployed destitution.
Real economy: Workers on the scrap heap
Rio Tinto’s decision to chop 14,000 jobs could be the tip of the iceberg as global corporations move to slash costs, writes Glenn Dyer.
Real economy: Chapter 11 redux, automakers idling, men maxed out
Carmakers reach for the jumper leads … bankruptcy takes off … risky business for young men
Real economy: US chickens cooped, miners get shafted, military pulls back
Chickens and cars hit trouble while workers continue to feel the pinch at the GFC’s real economy frontline.
