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Time lays off 105, including top executives

December 14, 2005

Time announced Tuesday that it would lay off 105 employees, including several longtime high-ranking publishing executives.

The departing executives include Richard Atkinson, an executive vice president in charge of the news and information group and former chief financial officer; Jack Haire, an executive vice president heading corporate advertising sales; and Eileen Naughton, the president of Time magazine. Fewer than 20 of the departing employees are from the editorial side of the company.

D’oh, I think our CEO reports to Richard Atkinson – nice bloke apparently, British chap.

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