Just when you thought it was safe to be working at Time Inc., rumors have started floating about yet more layoffs on their way. We received this email earlier this morning:

Apparently, editors at various magazines have been told they have to cut a set percent of their staff by this Friday. Don't know if that means the bad news goes out on Friday to staff or that they have to submit the list of names to corporate. Either way, more layoffs very soon.

Even worse? From what we're hearing, it's probably true. Sorry, guys.

Earlier: Gawker's coverage of Time Inc.

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