Sure, you know Time Inc. is cutting 250 jobs today, but you've yet to hear it from chieftess Ann Moore herself. Now, through the miraculous innovation of copy and pasting and clicking after the jump, you can.

In other news, we're told People is shutting down four bureaus (Washington, Miami, Chicago, and Austin), while they're asking for 24 volunteers to accept buyouts.

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January 18, 2007

To: Time Inc. Staff

From: Ann Moore

Re: Staff Announcement

As you all know, the past year has been a time of transition at Time
Inc. While we continue to invest in our core magazines, we are also
focused on transforming our workforce and broadening our digital
capabilities in order to become a truly multi-platform publisher.

We've made a lot of progress. Many of our web sites have matured into
strong and popular brand vehicles, while others are relaunching new
designs with fresher content. Meanwhile, our magazines continue to
be some of the most popular and relevant titles on the newsstand
today.

But progress brings change and we need to continue to evolve to meet
the cost pressures and challenges presented by our rapidly-shifting
industry.

Today I need to share with all of you that we are announcing layoffs
throughout the organization.

These layoffs, which are in several business areas and on both the
edit and publishing sides of a number of titles, are part of a
restructuring necessary to sustain our progress.

You will continue to hear much speculation about our company in the
press, so I encourage you to stay focused. I know this is a difficult
time for all of us — it's never easy to see talented colleagues leave.

Difficult times also bring opportunity, and I believe we have enormous
potential for innovation and growth. I speak for the entire
management team when I say we appreciate your hard work and
dedication.