Southern California Edison to lay off hundreds

Well, it does mention "outsourcing" which means many of the employees will be hired back as contractors.

The number of workers affected by the cuts will be “in the high hundreds,” Sen. Alex Padilla, D-Pacoima, chairman of the Senate Energy, Utilities and Communications Committee, said in comments reported by the Los Angeles Times. “It’s pretty disappointing ... (The cuts) are not going to help” California’s economy.