Time Inc. Cuts 300 Jobs as Struggling Publisher Seeks Turnaround
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Time Inc. is eliminating 300 employees through layoffs or buyouts as the struggling publisher tries to transform its declining print business for the digital age.
The job cuts were announced in an internal memo written by Chief Executive Officer Rich Battista, who said a key component of his turnaround strategy is making the company more efficient and re-investing those resources in growth areas.