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Posts Tagged ‘Ann Moore’

Former Meredith Exec Joins Time Inc As CEO

Former Meredith Corp. National Media Group president Jack Griffin is taking over as CEO of Time Inc., Time’s parent company Time Warner announced this morning.

Griffin will start at the end of September, when current CEO Ann Moore, who has 32 years of service with Time Inc., will retire.

Griffin abruptly resigned from Meredith last week to “pursue another opportunity,” fueling speculation that something of this sort would happen.

Time Warner chairman and CEO Jeff Bewkes said in a statement that Griffin is “an exceptional executive who knows how to expand the reach and relevance of strong publishing brands, and he will be a champion of our high-quality journalism. As CEO, Jack will further advance our lead position in the industry and accelerate the expansion and innovation of our titles on all platforms.”

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Calling A Spade A Spade

spade broom shovel gardening tools
flickr: yeowatzup

Look, nobody likes saying “Someone who yesterday had a job at our company does not have that job today. He will now no longer receive a regular paycheck from us which he used to provide for his family.” That’s why we have euphemisms.

Laid off. Downsized. Rightsized. Made redundant. Part of a reduction in force.

But do companies go too far sometimes? Matt Kinsman at Folio: argues they do. “A publisher downplaying people losing their jobs is going to alienate the remaining work [sic] bees engaged in the daily grind of trying to help that publisher crawl out of the hole.”

When Folio: editor Jason Fell asked Advanstar about reports of 80 layoffs, CEO Joe Loggia replied:

You can’t really categorize things as layoffs when they’re more of a shift in strategy. [While there were layoffs] you have to remember that it’s in context that we’ve had some geographic shifts in strategy and a shift in strategy in regard to our product portfolio.

Laid-off employees flocked angrily to the article. “I feel so much better knowing that I am part of Joe Loggia’s strategy! Glad I could help,” posted one ex-employee. Another wrote: “A ‘shift in strategy’ would’ve involved communicating with your employees in advance rather than just dropping this bomb on us a week ago with no warning.”

Possibly worse than this is when Time Inc. CEO Ann Moore called a restructuring in which 600 staffers were laid off “a home run.” But what do you think?