Wednesday, 29 October 2008

Time Inc plans about 600 job cuts : NYT

Time Inc, a unit of Time Warner, plans to announce a revamp that will lead to job cuts of 6 per cent, or more than 600 positions, the New
York Times reported on its website on Tuesday.

A memorandum on Tuesday evening from Chief Executive Ann Moore will outline the plan and the cuts will begin in about two weeks, the newspaper reported. Time officials were not available for comment.

Source: EconomicTimes

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.