Scary Times at BW
Massive (and a bit scary) news out of Business Week, which announced a top-to-bottom reorganization and bloodletting, according to Talking Biz News. One especially glum tidbit is yet another round of year-end layoffs. A dozen staffers gone.
That's the second--or is it third? fourth?--consecutive year of layoffs at BW, and it indicates to me that BW editor Steve Adler, whatever his other virtues, is simply not doing a good job of protecting his staff from being pummeled. Of course, he may have no choice, with ad sales being as gloomy as apparently they have been.
The good news is that I'm familiar with a lot of the people being moved to higher posts, and they're all top notch.
© 2007 Gary Weiss. All rights reserved.
Wall Street Versus America was published by Penguin USA on April 6.
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Labels: Business Week