A recent cost-cutting regimen at Dow Jones’ Enterprise Media Group won’t save the unit from layoffs, according to a memo obtained by Talking Biz News. Clare Hart, EMG’s president, which houses Newswires, Factiva and DJ Indexes, sent an email to staffers outlining the steps the unit has taken—cutting travel, leaving vacant posts unfilled, holding off on investments—and why it hasn’t been enough.

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While Hart did not specify the number of cuts or whether it would be evenly split among the three units, a DJ rep told me that “no Dow Jones (NYSE: NWS) Newswires journalists are affected.” The memo came the same day the News Corp unit announced that Times of London U.S. editor Gerard Baker would be stepping into the new role of deputy editor in chief of the Wall Street Journal and Dow Jones.

Apart from the job losses, Hart also said that EMG is creating “shared services” within its Product and Technology, Marketing, Customer Service, Content and Operations groups, meaning a lot more work for those who remain.