http://www.bakersfield.com/hourly_news/story/725921.html
The Californian cut 26 positions Tuesday, or about 12 percent of its work force, including 14 newsroom layoffs. All were offered severance packages.
Coming on the heels of a 30 percent year-over-year decline in advertising revenues, Tuesday’s cutbacks accompanied companywide pay cuts of 5 percent effective March 30, and an indefinite stop to the company’s contributions to 401(k) plans.