BusinessWeek Layoffs: Will All Magazines Die?

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BusinessWeek Layoffs: Will All Magazines Die?

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It's the end of the year, and layoffs are sadly an expected tragedy that comes with year-end business assessments. This year in particular was pretty rough on the printed media industry. After continued declines in subscriptions, newspapers and magazines found it necessary to shift gears, focus a bit more on online distribution models (some even ad-supported), and quite a few people were let go in the process. Most recently, Business 2.0 was completely cut from the Time Inc. family, while the New York Times recently instituted a temporary hiring freeze.

And now BuisnessWeek is the latest to do the same. According to an Alley Insider report, 8 to 10 staffers have been let go, including national editor Anthony Bianco and photo editor Larry Lippman. While BusinessWeek's layoff focuses on the printed side of things, layoffs have been an unfortunate occurrence for some web-based businesses as well. AOL, Eons, Snocap and even Google have had to trim staff in order to compete more effectively with their online businesses.

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