Ad Age: Time Inc. Cuts Some 500 Jobs
Posted on | January 30, 2013 | 2 Comments
By Nat Ives, Ad Age, Jan. 30, 2013
Time Inc., the publisher of magazines including Time and Sports Illustrated, has begun eliminating about 6% of its head count — nearly 500 jobs — in the biggest round of cuts at the company since 2008.
“With the significant and ongoing changes in our industry, we must continue to transform our company into one that is leaner, more nimble and more innately multi-platform,” CEO Laura Lang said in a memo to employees today. “To make this change, we need to operate as smartly and efficiently as possible to create room for critical investments and new initiatives. These reductions are part of this important transformation process. ”
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2 Responses to “Ad Age: Time Inc. Cuts Some 500 Jobs”
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February 1st, 2013 @ 4:50 PM
Oddly enough, the demand for content, white papers, ebooks and technical writing is exploding, and most of it pays as much or more than the salaries that most journalists made. It does, however, require learning a new field, new skills and a new way of relating to people.
While I hate to see so many jobs lost, it’s what you make of it. It’s hard work to retool yourself, but it can be done!
What\‘s your name? What\‘s your blog?
February 5th, 2013 @ 11:32 AM
Becky,
You should expand upon this and turn it into a longer piece. We’d all like to know who we have in our community. Thanks for writing.
Susan Older