Time Inc. may be the next publishing titan to cut jobs.
According to The Wrap, the announcement could come as soon as Tuesday ahead of the company’s earnings report. The site, citing an unnamed source at Time Inc., said the cuts will be ‘significant.’
This follows a New York Times report that said Time was looking to save $100 mil in expenses, largely through ‘extensive’ layoffs.
Time Inc., which publishes Time, Fortune and People, only last year trimmed 6 percent of its workforce, cutting 600 people from its payroll.