Keith Kelly of the New York Post writes Friday that the expected layoffs coming next week at Time Inc. are likely to hit Fortune, Fortune Small Business and Money magazines.
“The London-based IPC Group and the Birmingham, Ala.-based Southern Progress, whose flagship title is Southern Living, escaped major hits in the round of layoffs unveiled in the fourth quarter of last year. The division, headed by Executive Vice President Sylvia Auton, will not be so lucky this time around, sources predicted.
“The scale of the layoffs means Time Inc. holds the distinction of the biggest mass firing in publishing this year, outpacing the 460-plus involuntary terminations at rival Condé Nast.”
Read more here.
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