Layoffs

News item, courtesy of NYTimes.com:

The Isiah Thomas era officially ended Friday, and a major Knicks rebuilding project is now underway. Donnie Walsh, who two weeks ago replaced Thomas as the team president, removed Thomas as head coach, but said he will remain with the team, but will have no title and no direct reports.

I know he's under contract and all, but man -- wonder if Isiah gets to keep his stapler...