Time Inc. staffers are bracing themselves for the next two weeks. According to WWD, layoffs are expected to hit the company by next Friday.
Though we can’t be sure where the cuts will come — the business side or editorial — a source told WWD that everyone was nervous. “We’re very lean and mean here anyway,” the person explained. “It’s concerning.”
We first learned of Time Inc.’s plans to drop staffers in late December. At the time, Time Inc. was busy looking for a new chief revenue officer, and word leaked that cuts were coming. The search for a new CRO still hasn’t been resolved, but evidently the final decision on layoffs has.