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Many American and European investment banks have been trimming staff in Hong Kong as well.
Other agencies anticipating budget cuts also are consolidating office space, canceling programs and trimming staff.
At the same time stations are trimming staff, they are trying — just like newspapers — to transform into 24-hour news-gathering operations with robust Web sites.
Papers' attempts to deal with the new environment by cutting costs haven't helped: trimming staff and reducing coverage make newspapers less appealing to readers and advertisers.
Catholic University, a school with direct ties to the Vatican, is trimming staff through layoffs and buyouts because of financial pressures.
Competition from new private airlines like Kingfisher and Jet Airways is luring away customers, and the company is focusing on cutting costs by trimming staff and routes.
Similar(34)
A recent report by Bear , Stearnsglumly noted that newspaper companies "do not have a lot of scope in trimming staffing, especially with the public backlash by some journalists concerned about cost control measures".
Outsourcing has allowed it to trim staff.
The union has also trimmed staff levels and agreed to lower starting wage scales to bring down manufacturing costs.
Congress has signaled it is likely to restore many of the cuts, but DeVos is empowered to trim staff.
Earlier this year, the New York Times trimmed staff — about 50 in all — with a buyout offer, and there'll be more reductions ahead.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com