Playboy Begins Downsizing in Effort to Lower Costs
As part of its ongoing endeavor to make itself over as a brand-management company, Playboy Enterprises has announced that it will be downsizing its operations. The purveyor of nude pictorals and the occasional probing celebrity interview is shedding an undisclosed number of staffers in an effort to achieve $3 million in annual cost savings.
In an announcement, Playboy CEO Scott Flanders said, “Our goal is to transition Playboy to a brand management company. … The downsizing announced today is not a reflection of our employees’ talents and work ethic, but rather due to the overall change in the company’s strategic direction.”
Flanders’
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in