Forbes Starts a Second Round of Layoffs; Who Else Will Join It?
by Peter Kafka
Posted on March 31, 2009 at 4:00 AM PT
Forbes Media has begun a new round of layoffs and will let go of more than 50 people on its editorial and business teams, I’m told. The cuts are roughly proportional to the ones the business publication made in November and January when it consolidated its Web and magazine operations.
During the last round of cuts, Forbes attributed at least some of the layoffs to the integration of the two staffs. This time around, there can’t be any reason beyond the fact that the miserable economy has been especially rough on magazines in general and business titles specifically.