That's one of the effects when fewer investigative journalists are working in newsrooms.
Sound business practice? Perhaps. Sound journalism practice? Uh, no.
UPDATE: Mind you, anytime a news organization cans staff, it demonstrates it's lack of commitment to journalism. (Yes, I understand that no business ought to be asked to financially fail; nevertheless, absent evidence that such a situation is taking place, canning people seems an awfully convenient way to do business these days.) Check out what is happening at one newspaper.