Time Inc. began a widely anticipated round of layoffs on Wednesday.
The Wall Street Journal said that around 500 people will be cut from the world’s largest magazine company — home to Time, Sports Illustrated and People, among others. That means that the roughly 8,000-strong workforce would be cut by about 6 percent.
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via Time Inc. Layoffs Beginning; Around 500 Could Be Cut.
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Time Inc. is reportedly planning to slash hundreds of jobs, the New York Post’s Keith Kelly exclusively reported on Thursday. Sources told Kelly that the first round of layoffs, which were originally expected to hit last week, had been pushed back till next month. Choosen excerpts by Job Market Monitor from via Major Time Inc. … Continue reading »
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