Layoffs Underway At Forbes

Forbes is letting 100 employees go this week as it restructures to focus on the Web.

The cuts are coming on both the editorial and business side. The editorial cuts came today.

Earlier in the week, Steve Forbes announced the layoffs in a memo to staff, saying the advertisers just aren’t there to support the business.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at