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Some sources are say this:
The newspaper cited one of the affected workers, who indicated that between 500 and 800 employees would be let go. The layoffs reportedly began yesterday with the departure of several “upper management” executives, the source said.

[via Twice]

Now I know people hate when I blog about this because it is so depressing but I do like to let people know about this stuff so you can know what to expect in the coming future. This is all due to the economy and the recession that is on our doorsteps. If you would like to find out what other companies are laying off that I know about just click this [LINK] and it will show you all the other blog posts that I talked about that have or are laying people off.  I keep telling people to keep there resume’s ready for just this type of outcome.