BusinessWeek employees are waiting to hear if they’ll have jobs once Bloomberg takes over the publication, and I’m told that staffers expect to hear their fate shortly after Thanksgiving. That has to be unnerving, but I can at least offer a little bit of comfort in the worst-case scenario employees would be facing had they been purchased by private equity firm ZelnickMedia. The short version: Almost everybody gets fired.

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My former co-workers at Forbes are convinced that another round of cuts–it would be the third since November–is coming to the publisher. This won’t assuage their fears: High-profile investor Roger McNamee of Elevation Partners is stepping down from Forbes board and giving his seat to a member of his company’s “cost-cutting team.”

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More than you think. Or more precisely, they all have former media bank bigwig Steve Rattner in common.

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Sure, fabled magazine publisher Condé Nast has been forced to shutter magazines and trim its staff. But now you know things have really gotten dire: They’re cutting back on cars. Top Condé editors are eschewing the use of chauffeured autos to make their way across Manhattan and beyond. Alas, that kind of cost-cutting likely won’t stave off another round of layoffs.

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Here’s your obligatory scary stat for the day: The ad recession that’s responsible for so many layoffs has been in effect for two years, by one count, and will extend for at least another year in the U.S. That would mark the first three-year decline in ad spending since the Great Depression. And no matter how you count, we’re in for more layoff pain ahead.

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If you had any romantic notion that the beginning of holiday season meant an end to media layoff season, think again. This looks to be a particularly bad few days at Time Inc., where many of the magazines that asked workers to quit last month will now be firing them instead. But there are cuts, or planned cuts, coming to all manner of media companies.

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Time Inc. is cutting something like 600 employees, but for the past few weeks it has been doing so in small steps: 10 here, 30 there. That will change today when up to 250 people at Time Warner’s magazine unit are expected to get pink-slipped. Leaving the company along with them, executives from Cooking Light and Southern Progress.

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Another day, another few dozen firings at Time Inc. The Time Warner publishing unit let more than 30 people go from its Essence and Entertainment Weekly titles yesterday. That brings the total body count 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.

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