Dec
09
Time Inc. Execs Warn of Layoffs, Call Spinoff On Track
Posted in: UncategorizedMore job cuts could soon hit Time Inc., company executives told their top 300 managers at a quarterly meeting on Monday.
The warning came during a question-and-answer session with Norm Pearlstine, Time Inc.’s newly appointed chief content officer. Asked by Time magazine Managing Editor Nancy Gibbs whether there will be layoffs, Mr. Pearlstine answered “yes” and said the decision would be a difficult one.
“He spoke compassionately,” said one Time Inc. staffer who attended the meeting.
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