Playboy Dresses Down
Nov 22, 2002, 12:00 AM
Playboy Enterprises will cut of its existing workforce, consolidate office space in Los Angeles and reduce other overhead costs as it tries to restore profitability next year. The company said that it is eliminating a total of approximately 70 positions, 20% of which are presently open. The positions are spread throughout the company's businesses. PEI said that it expects to report a restructuring charge in the fourth quarter.