New York—Time Inc. on Friday cut another 250 jobs. Most of the cuts were mid- and junior-level staffers on the business side across the company’s magazine titles, which include Business 2.0, Fortune, Fortune Small Business and Money .
There were few job cuts on the editorial side, according to Ali Zelenko, a Time Inc. spokeswoman. “We’re changing from a magazine publisher to a multiplatform company, and with that come job reductions,” she said, adding that the cuts are most likely the last round for the “foreseeable future.”
There will be 50 new positions added to the company's growing Web businesses, Zelenko said.
In December, Time Inc. slashed about 105 jobs, several from the top management ranks. In February, it cut another 100 jobs, mostly from editorial.