Elf layoffs continue at North Pole Inc.

Anonymous sources report that Santa's once-booming business will be forced to put more elves on the unemployment lines once this holiday season is over. "This is not your usual seasonal workforce reduction", says elf rights activist Elrond Hubbard. "It's something much more serious, and many of are very concerned."

Santa himself was unavailable for comment, and his representatives from Scrouge, Scrouge & Grinch would not confirm or deny the reports.