Layoff/redundancy articles should follow this format:
[Company], which had revenues of [amount] in the last four quarters, announced layoffs today. [CEO], who makes [salary], announced [count] would be laid off, approximately [percent] of [CEO's] annual benefit package.
Journalism is really bad at context sometimes.
And I'm not even mentioning that articles like the above should include information about the company's failed and vainglorious follow-the-crowd initiatives of the past few years which directly led to its current situation.
John Paxton