Friday, March 12, 2010

Ax-Wielding at BusinessWeek Not Over Yet

Image representing BusinessWeek as depicted in...Image via CrunchBase
Approximately a month before the debut of Bloomberg BusinessWeek, the magazine has trimmed its editorial staff by 30, according to a report in today's New York Times.

Bloomberg L.P. purchased BusinessWeek in December 2009 (see "TUOL" post 10/14/09), a month after the financially strapped business journal roughly 25 percent of its staff of 400.  The latest round of layoffs purportedly is not a cost-savings measure, but rather, an attempt to curtail overlap with the content of Bloomberg News, which is little solace to those who were jettisoned.

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