The Great Summer Of Change continues at Time Inc. According to Politico, “a few dozen” staffers are getting cut by tomorrow, in yet another attempt to right the ship.
The latest round of cuts—that come just weeks after Time Inc. cut 110 staffers—will come from across all of Time Inc.’s brands.
Time Inc. has undergone massive changes over the past few months. In July, the company restructured its editorial, business and sales teams. Then, just last week, Jana Partners invested $62 million in the company.
The Jana investment led many to question if Time Inc. will soon be purchased or if massive layoffs were on their way. With roughly 150 staffers out in under a month, looks like we now know the answer.