HomeNewsTIME Magazine Implements Staff Layoffs

TIME Magazine Implements Staff Layoffs

Published on

TIME magazine, known for its iconic red-framed cover, recently laid off approximately 15% of its union-represented editorial employees reported CNN.

This decision affected around 30 employees across various departments, including editorial, technology, sales, and the studios division.

Among those affected were the majority of the staff at TIME for Kids, a publication aimed at school-age children.

TIME’s CEO, Jessica Sibley, described the layoffs as a necessary step to ensure long-term sustainability and growth. She emphasised efforts to manage expenses in other areas to mitigate the impact on employees. However, the NewsGuild of New York criticised the decision, stating that such cuts undermine quality editorial work. These layoffs coincide with protests at Conde Nast and staff reductions at The Los Angeles Times, highlighting ongoing challenges in the media industry.

LATEST NEWS

National Business Excellence Awards 2026 Celebrates 21 Years of Honouring Sri Lanka’s Business Excellence

The National Business Excellence Awards (NBEA) 2026, organised by the National Chamber of Commerce...

AICPA & CIMA Appoints Nassima Kaddache to Lead Middle East, South Asia, and North Africa

The Association of International Certified Professional Accountants, representing AICPA & CIMA, has appointed Nassima...

Chandana Amaradasa Re Elected President of Sri Lanka Australia New Zealand Business Council

Chandana Amaradasa has been re elected as President of the Sri Lanka Australia New...

Mohamed Shareef Becomes First Maldivian to Chair Asian Bankers Association

Bank of Maldives CEO and Managing Director Mohamed Shareef has been appointed Chairman of...

MORE LIKE THIS

National Business Excellence Awards 2026 Celebrates 21 Years of Honouring Sri Lanka’s Business Excellence

The National Business Excellence Awards (NBEA) 2026, organised by the National Chamber of Commerce...

AICPA & CIMA Appoints Nassima Kaddache to Lead Middle East, South Asia, and North Africa

The Association of International Certified Professional Accountants, representing AICPA & CIMA, has appointed Nassima...

Chandana Amaradasa Re Elected President of Sri Lanka Australia New Zealand Business Council

Chandana Amaradasa has been re elected as President of the Sri Lanka Australia New...