Time, Inc. is continuing the downsizing trend among the major mainstream media.
In just the last few months:
- NBC has laid off 700
- St. Paul Pioneer Press cut its newsroom staff by 10 percent, giving buy-outs to 21
- Now Time, Inc. has laid off 289, from People, to Sports Illustrated to Time.
Gawker has an interesting bit of cover art, taking off on Time’s recent Person of the Year: