Time Inc., the publisher of magazines such as Time Magazine, will layoff about 600 people, CEO Ann Moore announced on October 28, 2008 in an email to employees. Moore cited a reduced readership of Time Inc.'s entertainment magazines as one reason for the layoffs.The New York Times: Time Inc. Plans About 600 Layoffs (October 28, 2008)
Time Inc.
Time Inc. owns 125 publications worldwide. Some magazines published by Time Inc. are People Magazine, Sports Illustrated and Fortune. Time Inc. is a subsidiary of Time Warner.
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Time Inc. then sent out a letter to employees about the layoffsThe New York Times: Time Inc. Plans About 600 Layoffs (October 28, 2008)
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Magazines in the same section, such as news or entertainment, will work together and have the same leadershipThe New York Observer: Time Inc. Announces 600 Layoffs (October 29, 2008)
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There were several layoffs at Time Inc. in 2005, 2006 and 2007The New York Observer: Time Inc. Announces 600 Layoffs (October 29, 2008)
