Archive for January 18th, 2007
The leaner, meaner workforce of Time Inc.: More jobs cut
Time Inc. has cut 289 jobs, with 172 whacked from editorial operations (you know, the people who report, write and present the stories).
Time loses about 40 jobs. People will close bureaus in Washington; Miami; Chicago; and Austin, Texas, where about 20 people work. Sports Illustrated loses about two dozen employees.
In December 2005, the company cut 105 staffers, many of them high-ranking executives. February 2006: about 100 cuts. April: about 105 cuts. December: 27 people whacked in marketing. Teen People was shuttered in July. Eighteen magazine titles were put up for sale. In less than a year, Time Inc. has cut its workforce from 12,000 to about 10,500.