Thursday, October 29, 2009

Forbes Layoffs Worse than Expected: About 100 -- SO FAR

Well, I wrote earlier that this would be a bad week to be working at Forbes magazine, but I didn't know it would be this bad. The company cut about 100 people from its print and online sides, and the rumor is that the cutting isn't finished.

Dan Frommer notes that the staff is only about 200 ("only" for a large magazine, that is). Does that mean the staff is now only about 100? Or is 200 now all that is left from an initial 300? One wonders just how bad are the finances at the business magazine.

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