Time to lay off more than 100 employees

One of the world’s most venerable media organizations is laying off a ‘significant’ number of full-time sales staff. Here’s how execs broke the news.

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Time Inc. is doing damage control after plans to lay off a significant chunk of its sales and marketing group surfaced this week.

More than 100 workers are expected to lose their jobs amid what the Wall Street Journal is calling a “significant restructuring.”

The company released a statement this week that read, in part:

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