Keith Kelly of the New York Post reports that the biggest layoffs at Time Inc. will come from Fortune magazine.
Kelly writes, “Fortune is going to be the hardest hit magazine in the Time Inc. mass downsizing that began today, the Post has learned.
“Fortune will lose about 40 people, including about two dozen from its 80 person editorial staff, sources say. The magazine had already said it was chopping its frequency from 25 issues to 18 issues a year in 2010.
“Time magazine is the next hardest hit in the corporation, with about two dozen expected to leave in the coming weeks.”
Read more here.
Earlier in the day, it was disclosed that Fortune Small Business would cease publication. Stephanie Clifford of the New York Times reports that 11 staffers at that publication will lose their jobs, not the one earlier reported.
