I think the punishment has to fit the crime; a minor mistake (reporting that Trump consumed 3 big Mac's as opposed to actually eating two) would be a cause for minor punishment whereas opposed to an honest major blunder (mis-quoting what Trump said at a rally) would call for greater punishment as opposed to a deliberate major blunder (Trump having sex with a donkey) would call for major punishment.
Finally, the decision rests solely with the employer; depending on how valuable and what the employees labor contract stipulates will ultimately factor in with the company's final decision but regardless the company will make the final decision.