Its so bad, Time Inc is begging people to quit
Published: Wednesday, November 12, 2008
-BETHTime Inc isn't issuing pink slips anymore they are begging people to quit. OK so it's not Time Inc's problem if an employee has a shit load of medical bills and a mortgage knocking at foreclosure's door, its just what they have to do to keep their already rich shareholders happy so they can enjoy their lavish Holiday vacations with their spoiled unappreciative children and botox addicted wives/husbands. Time Inc CEO Ann Moore is only doing her job as CEO. Hell, things are so bad at Time Inc, she appointed herself head of the entertainment group in addition to her roll as CEO. It doesn't get any real than that The call for volunteers to take a severance package applies to a relatively small part of the company’s work force: writers, editors, photographers and researchers at a handful of magazines who are represented by the Newspaper Guild. Those magazines include Time, People, Sports Illustrated, Fortune and Money. Terms of the severance were not disclosed. Time Warner CEO Jeff Bewkes is really pushing to make the company look good on paper isnt he? With revenue down 6.8 percent and all. He is coming up on his one year mark as CEO of the obese Time Warner, wonder how he's been doing? We will be taking a look at that, but being that AOL is still squeezing the life out of the company and Time Inc is still struggling to get its footing, it's not looking too good. Hey we endorsed you earlier on out, I hope we didn't make a mistake. Labels: ANN_MOORE, JeffBewkes, LAYOFFS, Magazine, MEDIA_AND_THE_ECONOMY, TimeWarner |



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