Time Inc. To Lay Off About 500

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http://techcrunch.com – Another publisher, Time Inc., is laying off 6% or about 500 employees in an effort to streamline operations at the 21-title publishing house. The lay-offs came after a thorough examination by Bain & Co and, according to a memo by CEO Laura Lang. “With the significant and ongoing changes in our industry, we must continue to transform our company into one that is leaner, more nimble and more innately multi-platform,” she wrote. “To make this change, we need to operate as smartly and efficiently as possible to create room for critical investments and new initiatives. These r (IT news)