🔥BREAKING NEWS: Daily News Disintegration🔥

Staffers at the New York Daily News are bracing for rumored cuts of up to 70 percent of staff expected to take place Monday and Tuesday, while Editor-in-Chief Jim Rich is rumored to be resigning in light of the bloodbath.

A Daily News staffer told Study Hall that rumor has it the company is calling in extra security for Monday and Tuesday in preparation for the cuts, expecting pandemonium as a large swath of the newsroom is axed.

“Everybody in the newsroom is basically on edge,” said the staffer.

Rich, meanwhile, is believed to have already resigned or to be in the process of resigning, said the staffer — the editor left for “vacation” immediately after rumors started swirling last Thursday, though he had recently taken a vacation, and hasn’t been seen since.

Meanwhile, Rich’s name has been removed from his office door, said the staffer, who said employees “took that as a sign.”

Major newspaper publisher Tronc has owned the Daily News since September of 2017. The company also runs the Chicago Tribune, the Baltimore Sun and a handful of other newspapers.

Tronc recently sold the Los Angeles Times to billionaire Dr. Patrick Soon-Shiong for $500 million — and staffers are left wondering what the company plans to do with the pile of cash.

Staffers believe any impending cuts may serve to cut down the New York-based national news team. Tronc may be trying to “optimize” the News’ content like it has at its other papers: by feeding national news from a central hub into its local papers, as depicted in the company’s memorably insane video from 2016.

UPDATE 7.20.2018: 

— Another employee, however, claims Rich’s name has been missing from outside the door for some time — well before rumors of the layoffs began circulating.

— Sources say interns have been directed to attend a mandatory event on Monday at the paper’s New Jersey printing facility, stoking suspicions Tronc wants them out of the office when layoffs occur.

— A Tronc spokeswoman declined to comment.