The massive staff layoffs reportedly being made at CBS-owned TV stations in Los Angeles, San Francisco and Chicago, include two well-known anchors in Los Angeles, five on-air veterans in San Francisco and one of Chicago's highest-paid anchors.

According to Associated Press, longtime anchors Harold Greene and Ann Martin are set to leave their desks at KCBS-TV Channel 2 and KCAL-TV Channel 9 when their contracts expire in May. They did not appear on Monday's or Tuesday's news telecasts, but Greene was planning to return to work Wednesday while Martin's plans were uncertain.

This month, KCBS and KCAL moved into a new state-of-the-art three-story building at CBS Radford in Studio City, where the top floor has been undergoing a multimillion-dollar renovation to house West Coast offices for CBS Corp. chief Leslie Moonves and top TV executives.

In San Francisco, KPIX-TV is letting go 14 newsroom employees, including anchor and reporter Rick Quan, and reporters Manny Ramos, Bill Schechner, Tony Russomano and John Lobertini, the San Francisco Chronicle reported Tuesday.

With CBS Corp. reporting a 14.6% decline in its fourth-quarter earnings, CBS Broadcasting is set to reduce its 1,200-employee work force by 1 percent, the network said Tuesday. No on-air talent is expected to be shown the door, and the "Evening News" will not be affected, CBS News spokesman Sandy Genelius said.

The moves are the latest in a wave of cuts at news operations in both television and print organizations. Wall Street analysts suggested that the reason behind staff cuts might be the slow economical growth. They also mentioned the continued digital evolution of the media business and the recent Hollywood writers strike as key reasons for TV executives to rethink established models.

In New York, WCBS also lost about a dozen positions. WBBM's lead female anchor, Diane Burns, also is out after the Chicago station declined to renew her contract, which reportedly paid her $2 million annually. WBZ Boston lost about 20 jobs.

CBS is the last to make the job reductions following the 20 layoffs made last week at ABC News, while NBC News has lost about 30 jobs over the past two years.