‘Forbes’ begins job cuts

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New York—As rumors swirled about the breadth and depth of job cuts at Forbes Media—various Web sites reported that up to 100 staffers were let go, including 50 in editorial, while numerous bureaus around the world were closed—the company had no comment beyond this statement: “Forbes will not be confirming the number of layoffs that have occurred this week. It is a very sad day at the company and a sad day for our colleagues and friends.”
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