Time Inc. slashed a number of jobs yesterday as part of its goal to cut its budget for next year. Among the casualties was quarterly spin-off magazine InStyle Weddings, which was shuttered, costing around nine people their jobs. But the carnage didn’t stop there; Fortune and Sports Illustrated also suffered losses.
Fortune was particularly hard hit. Keith Kelly reports that 15 people were let go from the magazine after it failed to get enough editorial staffers to accept the voluntary buyouts offered earlier this month. Among those cut were three assistant managing editors, John Brodie, Brian Dumaine and Eric Gelman. (Update: Although Kelly reported that contributor William Cohan was among those let go yesterday, a Time spokesperson tells FishbowlNY he is still with Fortune.)
About 10 to 15 people had also taken the buyouts, Kelly said, including assistant managing editor Lee Clifford and executive editor Steve Koepp. All told, about 30 people have reportedly left the title from the business and edit sides.
We have also heard that Sports Illustrated laid off some editorial staffers yesterday. Kelly reports that 25 people are leaving the magazine, including seven who took buyouts, such as assistant managing editor Mike Bevans. 15 to 20 sales and marketing staffers were laid of from the sports title earlier this month, when Time Inc. first announced its cuts. Gawker got a tip that five people were let go from SI.com yesterday: two associate producers, a copy editor, a producer and a production editor.
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Ax falls again at Fortune magazine –New York Post
Related: Breaking: More Layoffs At Time Inc.