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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