Finally, city government decides to do the right thing: embracing fiscal responsibility.
Layoffs are never pleasant, especially for those who receive the dreaded pink slip, but $420 million is a monumental sum that can potentially be an asset to the city, its workers, and property owners. In the event of a massive layoff, care must be taken not to release people who may be crucial for city services, but the layoff must be done with expedience, so that morale doesn't place workers in "deer-headlight" syndrome.
These layoffs can also guage the excess in the city and its needs. Municipal employment has too many extremes - either you're working hard all day, or taking several coffee and smoke breaks to kill the time. This layoff may be a blessing in disguise.