Kafka writes that Fortune managine editor Andy Serwer is looking for about a dozen volunteers. He did not have specific details about how many positions Money is looking to cut.
In a memo to the staff, Serwer wrote, “Unfortunately, we will need to reduce staff at Fortune in the writer-editor, writer-reporter, designer, editorial assistant and copy coordinator Guild categories, and we are asking for a number of volunteers to leave the company with a severance package.Â
“If you are interested in confidentially exploring this option, please contact Dawn Dunlop in HR at [redacted] or Edith Fried at [redacted] by Friday, November 21, 2008. If we do not have enough volunteers, we will need to begin a process of involuntary layoffs.Â For your reference, the Companyâ€™s severance formula is in the Guild contract and is also posted on Time Traveler.”
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