/// Time Inc. Braces for Layoffs This Week
Here comes the news that Time Inc. employees have been dreading for months: Sources say the world’s largest magazine publisher is expected to begin a significant round of layoffs this week. I don’t have more details about the coming cuts. But the Time Inc. employees I’ve spoken to seem to put great stock in Keith Kelly’s report from earlier this month , which predicted that up to 700 of the publisher’s 8,000 employees may go in this round. If so, that will eclipse the company’s last big round of layoffs, in 2008 , when former CEO Ann Moore cut about 600 jobs. Those layoffs, and subsequent cost-cuts, have allowed Time Inc. to stay profitable as the magazine industry contracts
Originally posted here:
Time Inc. Braces for Layoffs This Week
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