Fast Company publisher to lay off 20
Times are tough all over. That's the excuse bosses are now using for cleaning house, making hard decisions they were too timid to execute in bubblier times. We've just heard that Mansueto Ventures, the publisher of Fast Company and Inc. magazines, is laying off 20 people. Inside the company, it's being spun as an "economic move" — but if it's a financially motivated maneuver, why is Fast Company magazine being left untouched in the layoffs?Most of the cuts are hitting Mansueto Digital, the company's Web arm, previously the fiefdom of executive Ed Sussman. Sussman is leaving the company, and control of Fastcompany.com is now being handed to the magazine's editor, Bob Safian; traffic had fallen by about half on Sussman's watch, while rivals like Wired saw visits to their websites grow quickly. Robert Scoble, the self-obsessed managing director of Fastcompany.tv, will still be employed as of Monday, though he now reports to Safian. Darn!