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.

@paxtonjohn can we stop saying laid off? These people aren't waiting around for winter to end or a plant to open again.

They were fired to drive a tiny increase in profit margin, an increase that only matters to share price as it's infinitisimal rise from last quarter. An increase that will be worth less than 5% of their wage for a handful of decision makers who have no interest in the customers who buy the products or the health of the company.