Time Inc. to Lay Off Employees in Reorganization
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Magazine and digital publisher Time Inc. plans to lay off a number of employees as part of a organizational restructuring, a spokeswoman confirmed to Ad Age on Wednesday. She declined to discuss how many people will lose their jobs, but multiple reports put the number around 110.
“Over the last couple of weeks, we have been realigning our organizational structure to better leverage our content creation, sales and marketing and brand development operations,” the spokeswoman said in a statement. “Our primary objective has been to better position ourselves to operate with greater agility and optimize the growth areas of our operation. As a result, there will be some job eliminations. That is always painful but an unfortunate reality in today’s business climate.”
“I think we all saw this coming,” a Time Inc. employee said.
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