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As first reported by News Corp’s AllthingsD, News Corp’s Daily iPad publication is cutting its staff by a third.

The publisher plans to tell its workers today that it will fire 50 of its 170 employees, according to [colleagues] familiar with the Daily’s plans.

The news follows a report from earlier this month by the New York Observer that claimed The Daily was winding down operations and ultimately shutting down after the Nov. 6 elections. It would appear the iPad-only magazine is in that process.

From Day One, we were highly critical of the News Corp iPad app that aimed to revolutionize newspapers for the digital age—despite the amount of hype built before it launched. From its hay-day, The Daily has been relatively slow to load and present new content, especially considering our fast pace, gimmie-gimmie world. Moreover, its content has not always been hard-hitting.

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