Time Inc. cuts 289 employees to trim costs

Share this content:

Time Inc., the world's largest magazine publisher, has laid off 289 employees at its top titles in order to expand its branded properties on the Web, where the company sees its future.
The publisher's most profitable magazine, People, let go 44 editorial employees and closed its bureaus in Washington, Miami, Chicago and Austin, TX. Yet People is creating seven new jobs, for a net loss of 37.
The company's flagship title, Time, is laying off 50 people and shutting its bureaus in Los Angeles, Chicago and Atlanta. Seven positions in Washington and three in Paris are being eliminated.
Overall, 172 people on the editorial side and 117 on the business side will be let go. This represents 2.6 percent of the company's global staff of 11,300.
Ann S. Moore, chairwoman and chief executive of Time Inc., said in a memo to employees that "progress brings change ... and we need to continue to evolve to meet the cost pressures and challenges presented by our rapidly shifting industry."

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above