Time Inc. Cuts 30 Staffers


Time Inc. has cut 30 staffers amid a new round of restructuring.

According to WWDKaren Kovacs and Greg Schumann have both been named group president of sales. The duo will now work together across Time Inc. brands and sales categories. The shift resulted in 30 people getting let go, including Ron King, senior vice president of fashion, multicultural and shelter.

The new organization has Kovacs overseeing the beauty, entertainment and fashion/retail categories and the entertainment, style, multicultural, fashion and lifestyle brands.

Schumann will oversee the automotive, financial services, home, pharmaceuticals, tech/telecomm and travel categories and the sports, news, finance and luxury brands.