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Obama Economy Hits Media: NYT, Time Announce Major Layoffs »
As many as 700 -- almost ten-percent of the overall staff -- are on the chopping block at Time Magazine. According to New York Magazine, a whole herd of top-level sacred cows at the New York Times will be given the non-choice of a buyout or a forced layoff within the next few weeks. Source Main page (current trends)
More about: New York Magazine, Obama Economy, Time Magazine