Time Inc. To Cut $100 Million In Costs, More Firings

jeffbewkesap032509

Time Inc. will cut $100 million in costs, and a new round of big layoffs is expected, The New York Times is reporting.

The cuts are expected to be announced in the next week to coincide with Time Warner’s (TWX) earnings next Wednesday.

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 research.businessinsider.com.au.