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Cost-cutting
Playboy withdraws
Playboy
magazine, famed among men for its great articles, is to streamline operations
across the company.
This will include the elimination of additional positions and reduction
of other expenses, said the company.
Latest news from the troubled publisher is that from Mayday onwards it
will leave its Fifth Avenue offices to integrate its online and printed
publishing operations elsewhere.
Some 100 jobs are affected and although some employees will transfer to
offices in Chicago, or be given other options, the majority will leave
the company.
Only a small editorial and sales presence will remain in New York where
the publisher has leased premises since the 1990s.
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