Tough Holiday: Time Inc. Lays Off Staffers Days Before Thanksgiving
It’s been widely reported that Time Inc. has been planning a rather significant round of lay-offs before the end of the year. The conventional wisdom around New York publishing circles was that the lay-offs would be coming after Thanksgiving. Unfortunately, that does not appear to be the case, as a Time Inc. spokesperson confirmed exclusively to Mediaite: “Yes, sadly there are layoffs today across a number of titles at Time Inc.”
Writing for the NY Post, Keith Kelly had previously reported last Thursday that layoffs would be coming after several staffers would volunteer for buyouts.
“The biggest magazines in the Time Inc. empire — People, Time, Sports Illustrated, Fortune and Money — should find out today how many volunteers have stepped forward to accept buyout packages.
It appears that not enough staffers stepped forward for a buyout to preclude further cuts in staffing. The spokesperson for Time Inc continued, “Today’s layoffs will mean the vast majority of layoffs announced earlier this month will be complete.”
At this point, no numbers have been confirmed as to total staffers cut.
Sign up for Mediaite's daily newsletter.
-
Roland Martin Slams Mitt Romney, High Fives Soledad O’Brien, Leaves To Do Another Show
-
Tom Brady’s Wife Caught Cursing, Blaming Patriots Receivers For Super Bowl Loss
-
Bill O’Reilly Compares ‘Witch Hunt’ To Fire Ellen DeGeneres From JC Penney Ads To McCarthyism
-
Slackline Pro Andy Lewis Steals Show During Madonna Super Bowl Performance
-
Was Rush Limbaugh Caught Picking His Nose At The Super Bowl? You Decide
-
Bernie Goldberg Fumes To Bill O’Reilly Over ‘Bigotry On The Right’: ‘I’m Sick Of This’ »229
-
Double Flip! Fox News Sunday Panel Weighs In On Komen Foundation’s Reversal On Planned Parenthood »195
-
Karen Handel Resigns As Senior VP Of Susan G. Komen »182
-
President Obama’s Super Bowl Interview With Matt Lauer: Jobs, Israel, And Tom Brady Posters »180
-
Michigan Senate Candidate Pete Hoekstra Tries To Explain Racist Political Ad »158
Check out stories and listings from TVGuide.com
Job hunting?
Use our proprietary jobs tool to access the largest pool of jobs aggregated from around the country.
President Obama Was The Only Candidate Who Could Afford To Denounce Super PACs, Yet He Won’t
Keith Olbermann Returns Amid Reports He’s Hanging By A Thread
More Online/Print:
RSS