Time Inc. layoffs hit mastheads hard
Time Inc., home to venerable titles such as Time, People and Sports Illustrated, began a steep round of layoffs yesterday that claimed just under 250 jobs at its New York headquarters.
CEO Laura Lang said she would slash a total of 500 jobs, or 6 percent of the global workforce, as the magazine publisher wrestles with falling print ad revenue. The highest-profile editorial name to be pink-slipped yesterday was Health Editor-in-Chief Ellen Kunes. Clare McHugh, editor of the custom Walmart magazine All You, will do double duty for both titles.