2009 - Time for Cuts

According to WWD, Time Inc. is gearing up for what has been a recurring autumn event at the publishing company — a round of layoffs across multiple magazines and divisions. But when are the cuts coming? According to several sources, the company is expected to make a 6% staff reduction across the board next week. It will follow Condé Nast. The New York Times. Forbes. By the end of the year, all of these media organizations will have cut their staffs to meet the challenging economic times facing the entire industry. These are just the realities of the fourth quarter, readers of the bottom line tell us.