By Laura Armstrong Hollyoaks is the latest soap to be hit by budget cuts with bosses looking to slash the number of staff on set by 40%. The bombshell news has left the cast and crew of the Channel 4 soap reeling. It comes after we revealed last week the cast of ITV ’s Coronation Street also fear some of them will be axed as show bosses look to save cash. Hollyoaks, which has been running since 1995, will drop from five episodes a week to three in September, triggering the large-scale job cuts. A source said: “Hollyoaks has been hit very hard lately and like many other soaps, it is losing view…