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Time Inc. laying off 280 employees

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TomClash Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 04:21 PM
Original message
Time Inc. laying off 280 employees
Source: Crains NY

As Time Warner reported a 38% drop in third-quarter profit, Time Inc. filed a state WARN notice of plans to layoff an estimated 280 people by the end of January.
By Matthew Flamm

Time Inc., whose revenue decline put a speed bump in Time Warner's third quarter earnings report on Wednesday, will lay off 280 employees, according to a filing with the New York state Department of Labor.

The layoffs will start in November and extend through the end of January, the notice said. A Time Inc. spokeswoman described the number as an estimate the layoffs that will be needed to reach the company's cost cutting goals.

The Time Warner division is seeking to cut $100 million, according to reports. Company executives are expected to brief employees about the extent of the cuts on Wednesday.

Read more: http://www.crainsnewyork.com/article/20091104/FREE/9110...
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   Replies to this thread
   lying bastards  pretzel4gore   Nov-04-09 04:46 PM   #1 
   +1 nt  phasma ex machina   Nov-04-09 08:41 PM   #3 
   Times' toadying right-wing republicon kiss-butt knee-bent 'reportage'  SpiralHawk   Nov-04-09 07:18 PM   #2 
      we ditched time weenier  skoalyman   Nov-05-09 12:31 AM   #4 
 
pretzel4gore (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 04:46 PM
Response to Original message
1. lying bastards
how much damage have they (times/warner) done to society? Millions? Billions? Trillions? Or more...
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phasma ex machina Donating Member (306 posts) Click to send private message to this author Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 08:41 PM
Response to Reply #1
3. +1 nt
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SpiralHawk Donating Member (1000+ posts) Click to send private message to this author Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 07:18 PM
Response to Original message
2. Times' toadying right-wing republicon kiss-butt knee-bent 'reportage'
Edited on Wed Nov-04-09 07:19 PM by SpiralHawk
was not endearing it to Americans...
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skoalyman (519 posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Thu Nov-05-09 12:31 AM
Response to Reply #2
4. we ditched time weenier
:evilgrin:
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DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Nov 24th 2009, 12:28 AM
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