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Time Magazine Employees Hit With MORE Layoffs

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TIME Magazine lays off 15% of unionized editorial staff, becoming latest news outlet to slash workforce

CNN

TIME, the iconic red-framed magazine, laid off some 15% of its union-represented editorial employees on Tuesday, the newsroom’s union said, becoming the latest major news outlet to slash its reporting staff.

A TIME spokesperson told CNN that the outlet had laid off roughly 30 employees across several departments, including editorial, technology, sales and its studios division.

Among those laid off Tuesday was a majority of the staff at TIME for Kids, a news publication for school-age children, the union said.

“I started at Time Magazine exactly one year ago today, and this morning I was laid off along with 12 other journalists,” Haley Weiss, a TIME health and science reporter, wrote in a post on X.

In a memo to staff obtained by CNN, the magazine’s chief executive, Jessica Sibley, said the decision “was not made lightly” and described the layoffs as “a series of decisions to structure our company for long-term sustainability and growth.”

www.cnn.com/2024/01/23/business/time-magazine-lays-off-15-of-unionized-editorial-staff-becoming-latest-news-outlet-to-slash-workforce/index.html

h/t dr0id



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