AT LEAST THEY GOT THEIR CHRISTMAS BONUSES McGraw-Hill is eliminating 114 jobs in information and media; they blame the sub-prime mortgage market affect on its business division for the cuts. Economics screws the literary-inclined again. [NYT]
Just Trimming The Fat Martha Stewart Living Omnimedia gave a half dozen employees their New Year’s resolution for 2008: find a new job. The company let go about six people on Friday, and more layoffs could come today. There’s talk of boycotting the holiday party in TriBeCa as a stand against seasonal decadence in the face of job cuts. Um, clearly now is not the time to say no to free drinks. [WWD]
The BBC, the British network that makes PBS seem like MTV, is planning on decimating its work force today to make up for £2 billion in budget cuts.
The 2,000 redundent employees will mostly come from the news department as radio, television and online departments become integrated. If the cut goes through, union reps have warned that there will be a strike in a few weeks.
Findings scabs shouldn’t be hard: Think of all the American journalists who’ve lost their jobs to the same circumstances.
Editorial Director
