Time Inc. Staffers Brace Themselves for No Raises, Cuts
Laura Lang, CEO of Time Inc., just dropped the hammer on every employee of the company. The New York Post reports that in a memo to staffers, Lang said none of them — about 8,000 people — will be getting a raise this year.
“While we are evolving, the publishing business in the short term remains challenged,” wrote Lang. “These are unavoidable facts. As we position ourselves for growth in the future we must continue to aggressively manage costs. After
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