Time Inc. Closes Door on Buyouts Today
As People magazine celebrates Johnny Depp as the “Sexiest Man Of The Year” (again), everything is not well in the state of People‘s publisher Time Inc. The company is still looking to trim $100 million from its budget through layoffs and buyouts, which could include up to 90 editorial positions at Fortune, Sports Illustrated, Time magazine and Money.
According to Keith Kelly in today’s New York Post, layoffs at Time are only a hair away, as the publisher should find out today how many people from their titles have stepped forward to accept buyouts.
Kelly
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