It's the end of the year, and
layoffs are sadly an expected
tragedy that comes with year-
end business assessments. This
year in particular was pretty
rough on the printed media
industry. After continued
declines in subscriptions,
newspapers and magazines
found it necessary to shift
gears, focus a bit more on
online distribution models
(some even ad-supported), and
quite a few people were let go
in the process. Most recently,
Business 2.0 was completely
cut from the Time Inc. family,
while the New York Times
recently instituted a
temporary hiring freeze.
And now BuisnessWeek is the
latest to do the same.
According to an Alley Insider
report, 8 to 10 staffers have
been let go, including national
editor Anthony Bianco and
photo editor Larry Lippman.
While BusinessWeek's layoff
focuses on the printed side of
things, layoffs have been an
unfortunate occurrence for
some web-based businesses as
well. AOL , Eons , Snocap and
even Google have had to trim
staff in order to compete
more effectively with their
online businesses.
This may be true given the fact many are not willing to pay when they get almost everything free on the net..
May be it might take a few years in india to see the effect,but the avalanche have already started...
Good example. ..digit(sorry to mention,but one day it has to be accepted.)
Source mashable.com
Magazines era coming to an end!
Linear Mode
