Layoffs At Forbes ?

A source close to Forbes tells us another layoff round is imminent, the third this year. Ouch.

Some Forbesers darkly note that, barring a summer recess, company layoffs have come near the end of this year’s financial quarters, with 19 let go from the magazine and website in early January followed by a reported 50 or so at the very end of March. Another round now, just after the close of the September 30 quarter, would fit the pattern. CEO Steve Forbes assured staff in May that layoffs were done for the moment and “Forbes continues to outperform its competitors”. But in such a severe ad recession that’s not much reassurance.

We’ve put in an inquiry with Forbes PR and will update with what we hear back.