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Time Inc. Expected To Shed 250 Jobs Today; Shutters Cottage Living Mag

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imageTime Inc. will lay off 250 staffers today as part of the 600 job cuts announced last month, the NY Post reports, citing unidentified sources. Meanwhile, Reuters confirmed NYP’s report that Cottage Living magazine was being shuttered. A Time Inc. rep confirmed that 47 posts that would be lost in the magazine’s closing, but that of those nine staffers at the four-year-old Cottage Living will be reassigned to other Time Inc. properties. The company would not comment on the 250 figure, however.

The cuts come amid a slew of mag closures and layoffs at media companies the past few weeks, including the shuttering of Ziff Davis’ PCMag as a print product and Forbes’ pulling the plug on its ForbesAuto site, which along with a realignment of its web and print ad sales staffs, left 43 employees out of work this week.

2 Responses to “Time Inc. Expected To Shed 250 Jobs Today; Shutters Cottage Living Mag”

  1. Staci D. Kramer

    Some of it has to do with Guild agreements that give employees at certain publications the chance to opt in before involuntary layoffs take place. In that respect, at least some people get more of a choice. I've seen the difference first hand and that feeling of having some modicum of control over your fate can be very important.

    One other point — people are getting additional weeks of pay that they wouldn't if all the cuts had been made the day they were announced. Some may find that those extra weeks come in handy.