Editor Russ Stanton's memo to the staff says "Today, editors will begin notifying most of the 150 people who will be leaving us, and we hope to complete that process within a matter of days. Some of our co-workers will be leaving today, many at the end of this week, others in the weeks to come. Those leaving will be given detailed information about the severance package they will receive, which includes one week of pay for every six months of service, up to one year. All of those directly affected by this cutback will have departed by Friday, Aug. 29. The days and weeks ahead will be difficult ones, filled with pain, anger and sadness."

Rest of the memo at TellZell.com