Yesterday, the staff of Macworld—a venerable industry publication about Apple gadgets and computers—covered the company's frenzied product launches for several hours straight. Today, most of them were fired.

According to reports from Senior Editor Roman Loyola—

and Jason Snell—

The publication has been hacked down to its roots. Executive Editor Dan Miller says the publication "will continue," albeit with a small staff, and online-only:

The economic reality of running a print publication dedicated to Apple news is a total disaster, of course—blogs run a monopoly on that, and have for years. But squeezing one last grueling day of marathon iPhone coverage out of a team you're on the verge of firing is not cool.

Photo: Getty