Time Inc to pay $60M for mass layoffs
Time Inc will swallow $60 million in restructuring charges for laying off about 6 percent of its workforce, the company’s parent, Time Warner, has revealed in its guidance for its 2013 financials. The numbers from the company’s Q4 financials are grim: revenue was down 7 percent, and ad revenue was down 4 percent. [Source: AllThingsD]























