• WWD.com, Tuesday, January 10, 2006 11:30 AM

According to a report in WWD.com's Memo Pad column, Time Inc. is not yet done with its current round of layoffs. Next up: Employees in London who work on Time magazine's international edition. About 20 employees there have been asked to accept voluntary buyouts. A company spokesperson says it's premature to know how many who refuse the package will be asked to leave. Just a month ago, says WWD.com, Time bureau chiefs in Moscow, Beijing, and Seoul were relieved of their responsibilities. All of this comes at a time when Time Inc. is feeling the pressure from parent company Time Warner to perform as it has in the past, when print magazines were operating in a less competitive environment. Just several weeks ago, in a move that shook the industry, Time Inc. axed 105 senior-level employees.

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