Layoffs hit Variety, sister pubs
Cuts at Reed Business will affect 30 employeesCiting the sour economy, Reed Business will lay off 30 staffers at publications including Daily Variety, officials said Monday.
Pink slips were delivered to editorial, corporate and sales staff in Los Angeles. Affected publications also included Video Business, 411 and Trade Show Week.
"We continue to have confidence in the long-term growth of our businesses, but the economic realities of the moment call for a degree of belt-tightening," Variety publisher Neil Stiles said in an article posted on Variety.com.
Reed didn't offer any names of those laid off, nor did the company indicate when the layoffs will take effect. Internet reports suggested the cuts went as high as associate editor Phil Gallo, who specialized in music coverage, and deputy online editor Anne Thompson, who posted notice of her departure on a film blog.