Time Reorganization Trims Corporate Positions; More Magazine Lay-Offs Soon?
Time Inc.’s renewed focus on being a major Internet player is eliminating corporate business and tech positions not tied to a specific media property, according to a source within the company.
The company is redistributing resources from print to online and combining print and online ad sales forces. "They’re refocusing the print resources for the online product and there will be fewer standalone ﾑbusiness’ and ﾑtech’ titles at the company," the source says.
While the source refused to say how many positions will be eliminated, the company has seen some high level departures, including director of business technology Raanan Bar-Cohen leaving Time.com to become director of product strategy at Dow Jones.
Last December Time Inc. eliminated 105 management positions with another 100 planned, with Time and Money bearing the brunt.
Meet the Author