Fortune magazine needs to cut about 40 employees, but only 20 have volunteered to leave; “Managing Editor Andy Serwer is widely expected to impose layoffs to make up the shortfall.”
At the Sports Illustrated group, 30 positions need to be cut and the NYP estimates that fewer than 30 people have signed up for the buyout.
Time will probably meet its 12-person goal.
No word from People or Money yet.
- Kim France, Former Editor-in-Chief of Lucky, On Breaking in to the Magazine Business
- Journalism Student Defends Major: 'We're Headed Into an Industry That is Alive and Kicking'
- Three Questions for Maria Cristina Marrero, Editor-in-Chief of 'Siempre Mujer Magazine'
- Editor-in-Chief of 'More' Dishes About Fearlessness & Versatility at WiCi Awards