Bloodletting at Time Inc.: Up to 500 layoffs, marketers on the chopping block

Time Inc. will cut 400 to 500 people from its staff, mostly from its news division, by the time recent layoffs are over, according to reports. Layoffs began at Sports Illustrated on Tuesday, including 15 to 30 sales and marketing employees, according to Gawker . Related The New York Times The Wall Street Jo urnal is hiring about six journalists for its upcoming New York edition, which will cover city desk beats like courthouses, City Hall and the state capital.