Variety Editors, Reporters Dodge First Round of Penske Layoffs
The timing – right before Thanksgiving and the Christmas holiday season – is tough for all involved. But per an internal message circulated today by Jay Penske, it’s the official ground-level beginning of a new era at trade publication Variety. And perhaps not the last of such cost-cutting measures:
Dear Team,
For the past six months, we have diligently reviewed every aspect of the Variety business. And in more recent weeks, we have outlined to Variety senior management an exciting and also aggressive trajectory for the brand’s resurgence.
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