Time magazine is laying off 15% of its unionized editorial staff, becoming the latest news outlet to cut its workforce
A TIME spokesperson told CNN that the outlet has laid off nearly 30 employees across several departments, including editorial, technology, sales and studios.
Among those laid off Tuesday were the majority of employees at TIME for Kids magazine, a newsletter for school-age children, the union said.
“I started working at Time exactly one year ago, and this morning I was laid off along with 12 other journalists,” Haley Weiss, a health and science correspondent at Time magazine, wrote in an article. Share on X.
In a memo to employees obtained by CNN, the magazine’s CEO, Jessica Sibley, said the decision was “not made lightly” and described the layoffs as “a series of decisions to structure our company for long-term sustainability and growth.”
“We have been aggressively managing expenses in other areas of our business to minimize the impact of this decision on our employees,” Sibley wrote. “All of these actions have brought us that much closer to becoming a profitable company, which is a milestone we must reach to realize TIME’s full potential. Although making this decision was not easy, it is the necessary step we must take to move our business forward.” And improve our financial position as an organization.
The union criticized the decision in a statement, describing the employees as essential to the success of Time magazine.
“TIME magazine and other corporate media owners continue to undermine high-quality editorial work by treating their workforces as disposable,” said Susan DeCarava, president of the NewsGuild in New York. “Audiences can read the difference between a media company that invests in journalists and one that invests in executive compensation and outside consultants. We all — readers and staff alike — deserve better.”
TIME’s big cuts came on the same day that more than 400 were cut Condé Nast Staff have staged a 24-hour strike to protest layoffs at the prestigious publisher
, And Los Angeles Times Reduced newsroom staff by 20%.
For more CNN news and newsletters, create an account at CNN.com