Saves The Day cuts the wages bill

Pete Parada has, apparently, decided to stop hanging out with Saves The Day. You'll want to see the statement, of course:

After four and a half years with Saves The Day, it saddens me to report that I have decided to leave the band. I wish them all the best of luck and look forward to starting fresh with a new band. Anyone who is interested can check out my new myspace page at myspace.com/peteparada.

It can't sadden him that much, can it? Unless he's been kicked out or something. Still, we must all be strong right now. All be strong.