Layoffs at the U.S. magazine publisher Time Inc. may hit sooner and harder than expected, according to reports. On Tuesday, the New York Post reported that almost 500 people, or about 6 percent of the company’s workforce, could be affected by the staff cuts. Women’s Wear Daily, meanwhile, reported that the layoffs could come as … Continue reading
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. Choosen excerpts … Continue reading
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. Chosen excerpts by Job Market Monitor from via Major Time Inc. … Continue reading
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