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It's no secret they were coming, and now, apparently, they're here. This email just in from the Time & Life Building:

just got word that the time inc. layoffs have started, will continue through tomorrow. don't know the total count or impact yet. depending on sources, anywhere from 200-400; possibility some of it will be spread out through the second week of feb.

We need names and numbers and severances and all that. Stat. Get cracking, kids.

UPDATE: Sources within Time Inc. says the number axed will be below 100, and it'll all be done this week. More TK later on today, when we know it.

Earlier: Gawker's coverage of Time Inc.