More Layoffs Imminent at Forbes

Our sister site Fishbowl NY this afternoon reports that Forbes founder Steve Forbes has sent out a memo informing the staff that layoffs “are necessary across the entire organization.”

Fishbowl NY editor Amanda Ernst has the story and a copy of the memo. She writes:

We’ve heard that layoffs haven’t started yet, but it looks like the top level managers may already know who they have to cut and the bloodletting might start tomorrow.

Of course, no layoff memo would be complete without happy talk (that no one really believes) about the better days ahead. Here’s the Forbes version:

On the editorial side, we will maintain the essential strengths of Forbes while also deepening our relationships with our community. …

Forbes Media is laying the foundations for a strong, exciting future.

I’m sure that will thrill the people getting pink-slipped.

Publish date: October 26, 2009 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT