Time Inc. Layoffs
A picture is emerging of how Time Inc. will layoff 600 employees.
The managing editors of Fortune, Time, Sports Illustrated and People magazines have e-mailed staff asking for editorial volunteers to accept buyouts. Blogger Peter Kafka posts the memos here. If enough employees don’t step forward by Dec. 1, the memos state involuntary layoffs will occur. To start:
— At Fortune, Andy Sewer seeks to eliminate 12 positions, including writer-editors, writer-reporters, designers, editorial assistants and copy coordinators.
— At Sports Illustrated, Terry McDonnell wants to cut 40 copy editors, photographers, reporter-researchers, research assistants, writer-editors and writer-reporters.
— Time is seeking to cut 20 writer-editors, staff correspondents, writer-reporters, reporter-researchers, designers, research catalogers and research librarians.
— At People, Larry Hackett wants to jettison at least 18 positions in New York and Los Angeles, including reporter-researchers, staff correspondents, writer-editors, writer reporters and copy editors.
–Michael Blankenheim
