Time Inc. Layoff Update: 30+ From Essence, Entertainment Weekly; Many More to Come
by Peter Kafka
Posted on November 14, 2008 at 6:06 AM PT
Another day, another few dozen firings at Time Inc.
The Time Warner (TWX) publishing unit let more than 30 people go from its Essence and Entertainment Weekly titles yesterday. The NY Observer and Gawker have details; the NY Post’s Keith Kelly reports that Matt Turck and Charles Kammerer, publishers of This Old House and Golf Magazine, respectively, are also out.
That brings the total body count (announced firings + requested resignations) to about 250, which means that CEO Ann Moore still has a long way to go before she gets to her rough target of 600 job cuts this year. Which means the next few weeks will continue to be unpleasant.
UPDATE: Add another 8-10 from In Style.
One thing Time Inc. staffers won’t be seeing during that time: More memos announcing details of the reorg. Executives at the company seem to have concluded that internal communications that have been showing up at this Web site and others haven’t helped employee morale. That seems sensible. But it also means that employees have even less information about their fate than before.
Meanwhile, I’m still collecting tips. As always, I keep all correspondence anonymous: peter@allthingsd.com.
