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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Remember a month ago, when the New York Times said it had reached an agreement with a holdout union at the Boston Globe, which would prevent a shutdown of the Times-owned paper?

Scratch that. Deal’s off.

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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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Like their colleagues at Time Inc., the editorial staff at Forbes has known that layoffs were coming to the company’s magazine and Web site for quite some time. But at least they’re getting it over with in one fell swoop: The company let go of 19 people today as it merged the two operations.

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One way for a big media company to avoid the embarrassment of shutting down a Web site–just avoid launching it altogether. That’s what CBS has done with “Juke,” a music site that CNET had started assembling last spring and planned to launch this fall.

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After asking about 100 editorial employees to give up their jobs today, Time Inc. announced a round of involuntary job cuts: Time Warner’s magazine publisher said it is firing 92 people in an overhaul of its consumer marketing and sales group. That leaves roughly another 400 positions that are scheduled to disappear in the coming weeks.

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At least some of the Time Inc. employees awaiting their fate finally got some news today. Managing editors at five of the magazine group’s titles that employ Newspaper Guild members–Time, People, Sports Illustrated, Fortune and Money–sent out memos asking for volunteers for a buyout program. That will reduce headcount by about 100 people, but there will be more cuts coming over the next few days and weeks.

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Time Inc. employees have a general idea of the publishing giant’s revamped org chart. But they still don’t know who’s staying and who’s going as the company prepares to can some 600 workers.

That may change after this morning, when CEO Ann Moore hosts an 11 a.m. EST conference call that a tipster tells MediaMemo is supposed to explain the changes “in detail.”

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Yet another digital company is cutting back: eMusic, the digital music subscription service, is firing “about 10 percent” of its 100-person staff. The company says sales are okay, but it’s seeing softness at retail partners like Best Buy. And it’s also still looking for a new CEO.

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Why is Time Inc. planning on shedding six percent of its staff? The new numbers released by the magazine publisher behind titles like Ladies’ Home Journal offer a grim clue: Ad revenues are down 18 percent in the last year, and the next quarter looks equally bad.

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