Playboy Slashing Staff, Expenses
Playboy is cutting 80 jobs , including 55 layoffs, in an effort to save $12 million. The company is also exiting the DVD business completely, moving far-flung employees into the LA office, using cheaper paper, and cutting entertainment expenses (noooo!). This has all been easy to foresee. We hear Playboy's main money source at the moment is international brand licensing, along with distribution of their archives online. Not even nekkid women can convince people to buy magazines these days.