Maxim minimizing As a rule, I don’t blog about lay-offs, closures or, for that matter, any transactional or personnel matters in the magazine industry. However, I make exceptions if the bad news is released on Rosh Hoshana Yom Kippur (duh, excuse my goyish Homer) or Christmas Eve.
Update: Quote from the NYT:
“Part of the natural evolution of a successful company is to be prudent and re-evaluate the cost structure before moving ahead with bigger and better things,” Stephen Colvin, the chief executive of Dennis Publishing USA, said through a spokesman. “This week we’ve had to make some very difficult decisions to part company with a number of people, some of whom have been with us for a long time.”