Breaking

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.

In the next three months, Time Inc. will cut 280 jobs, whittling away at iconic titles like Sports Illustrated, Essence, and People. Time also underwent a big round of cuts in early 2007, but this is still major news. Why is it going over so quietly, especially in light of the wave of Condéfreude last month?