Time Inc. has begun a round of job cuts that is reported to include about 500 staffers ahead of the company's entry into public markets.
In a memo leaked to various press outlets, Time CEO Joe Ripp said the company needed to change to succeed as a public company. The news was first reported by the New York Post .
"Today, we are beginning a restructuring process that will move us in the right direction by: eliminating our three brand operating clusters; streamlining decision-making across the entire organization; and completing the integration of American Express Publishing," Ripp wrote in the memo. Read more...
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via Mashable http://ift.tt/1jcr2zB
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