Actual Time Inc. Layoff News: Plans Unveiled, Slowly, Starting Next Week

Time Inc. employees know that layoffs are coming, and this morning they were told that the layoffs will cost parent company Time Warner a bundle. Still unknown: who’s actually getting fired. That will change beginning next week, says Time Inc. spokeswoman Dawn Bridges. She says the company will unveil the “size, staffing and structure of each of the business units” beginning “early next week.”

One Time Inc. Casualty: Digital Boss Ned Desmond

Time Inc. still hasn’t figured out exactly how many people the magazine publisher will fire this fall — the 600 number reported earlier this week, we’re told, is a guesstimate. In the meantime there are plenty of high-level org chart changes, like the departure of Ned Desmond, a longtime Time Inc. vet who was most recent title was President of Time Inc. Interactive. Click through to read Time Inc. boss Ann Moore’s goodbye memo.