Nat Ives of Advertising Age reports Thursday that a dozen staffers have lost their job at The Economist‘s U.S. operations.
Ives writes, “Some were the result of the same thing that has induced big layoffs from Time Inc. to Hearst Magazines to Conde Nast: the sharp economic downturn and bleak outlook for 2009.
“‘Some of the layoffs are a result of the integration process,’ the spokesman said. ‘And then we’ve obviously made the same calculation that a lot of publishers have made about this year and the dire outlook.’
“The majority came not from the magazine but from The Economist Intelligence Unit, the group’s business-to-business publishing arm, he said.
“The Economist Group has roughly 225 employees remaining.”
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