Jun
03
People Magazine Sheds About a Dozen, All You Publisher Exits
Posted in: UncategorizedPeople magazine lost roughly a dozen staff members to layoffs and buyouts last week, according to people familiar with the matter. The departures come just before Time Inc., owner of People, starts to trade independently of Time Warner on Monday, June 9.
People is the largest money maker at Time Inc., comprising nearly 20% of the company’s revenue, according to SEC filings.
A spokeswoman for People declined to comment specifically on the job reductions. In an email, she said, “We are always looking for ways to improve efficiencies and bring in new skills sets to keep up with our changing business.”
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