NEW YORK — Time Inc. cut 289 jobs on Thursday — 2.8 percent of its 10,500 employees — at leading magazines such as Time, Sports Illustrated and People as the publisher focuses on expanding its brands on the Web.
The layoffs include 172 editorial staffers and 117 publishing executives, and People, the company’s most profitable title, is shutting its bureaus in Washington, D.C., Miami, Chicago and Austin, Tex.
The bureau closings are said to affect 15 reporters, but seven new positions have been created to maintain regional coverage.Time will shut three bureaus — Atlanta, Chicago and Los Angeles — but will keep three employees in Los Angeles who will work from home offices.
Sports Illustrated is said to be losing more than 20 employees.
“These layoffs are part of the necessary restructuring of our business as we continue to transform into a multi-platform publisher, and are focused on increasing efficiencies and allowing for closer collaboration between our digital and print businesses,” the company said in a statement.