According to a spokesperson: “This is a long-planned move, and represents a normal re-balancing of editorial resources required to adjust to routine variations in the publishing business cycle.”
xlation.. No one is buying our crap.
What's their definition of "long-planned", given that they've been operating for about 6 months?
Their business plan called for hiring and laying off people?
Were those people potential competitors at the time, and it was a move to tie up those people long enough to disrupt any competition?