Time Warner started cutting costs across its Time Inc. publishing division this week and is hoping to save as much as $100 million by paring back expenses and slashing several hundred jobs. One way the company could have made up the difference without sacrificing any of its employees? By selling off the three Gulfstream jets it owns!

Time Inc. carnage: Eleven layoffs at Entertainment Weekly, Business Insider reports. Know more? Email us.

In your completely laid-off Wednesday media column: details on more Time Inc. layoffs and buyouts at People and Essence, Fortune Small Business folds, and various ways that magazine publishers are terrorists.

Microsoft will begin its third 2009 layoff round as soon as this morning, TechFlash reports, because the software giant's growth has slowed. Conference rooms are already reserved. If you learn anything about the reboot, email us. (UPDATE: Social networking hit.)

Give thanks: Time Inc.'s now-annual autumn cuts are tough but not horrific. The magazine group will eventually fire 400-500 people, primarily from its news division, the New York Times reports. Sports Illustrated took the first hit. (Update: Buyouts on offer.)

We hear Time Inc. Guild members are meeting now regarding pending layoffs. UPDATE: A tipster tells us "Time Inc.'s news division has started their layoffs." Email us details. MORE: The memo People editor Larry Hackett sent out, below.

More than a dozen layoffs at The Advocate this week, according to Queerty.

Graydon Carter—the George Washington of Vanity Fair—was (allegedly) on a jet to Bermuda when layoffs hit the magazine last week. That's okay! Graydon (allegedly) has a very generous way of making it up to the layoff victims.

In your finally Friday media column: BBC execs must struggle by on $150k, Michael Wolff looks in the mirror and compliments himself, rumors of office closures at Newsweek, and more on the Time Inc. layoffs.

We hear layoffs loom at People as part of Time Inc.'s cutbacks. More here.

It's nearly Halloween again; time for Time Inc. to terrify everyone with a gigantic bloodletting. Last year that meant the firing of 600 staff; this year it means the firing of however many workers $100 million buys. (Updated)

WSJ managing editor Robert Thomson announced that the newspaper — which has recently been crowing about having the largest circulation in the country (if you count online subscribers) — is shutting down its Boston bureau. Nine reporters will lose their jobs, and that's rotten. But the memo he sent out to the newsroom, and first obtained by Fishbowl's Amanda Ernst, says that while no other bureaus are slated for closure, other "unthinkable" changes may be coming to the Journal.

Last November, the AP decided it would be reducing its budget 10% this year—costing up to 400 jobs, we heard at the time. How's that going? Michael Calderone estimates they may need hundreds more layoffs before January. [Politico] *Clarification:

The layoffs at Forbes, which we first reported on three weeks ago, arrived today, and we hear from inside the magazine that they're "real big.... huge," with a rumored 50 or so editorial staff let go. (Updates: LA+London bureaus gone.)

Chris Anderson has plenty of distractions from editing Wired, including a lucrative sideline on the global lecture circuit and a tour to promote his new book. Anderson's prior commitments even removed him from the office on Wired's layoff day. (Updated)

A tipster tells us that National Geographic laid off 8-10 staffers today. Reason: "The economy."

• Nell Scovell, a writer on Dave Letterman's show in the late '80s, has stepped forward to detail the show's "hostile, sexually charged atmosphere." [VF]
• Layoffs: Yesterday's cuts at Forbes claimed 30-40 people; reality TV-focused Teen Vogue laid off half a dozen staffers today; the cuts continue this week at W; and a big round of cuts could go down at Time Inc. sometime next week.
• Sarah Palin's memoir, which comes out next month, had already earned her $1.25 million even before she stepped down as Alaska's governor. [AP]
• Michael Jackson's This Is It debuts in theaters tonight. [NYDN]
• How's Jay Leno's new show doing more than a month in? Not so good. [NYT]

In your dark Tuesday media column: the layoff train is rollin' down the tracks that many magazines now regret installing in their offices, the San Francisco Chronicle flounders like a flounder, Wonkette hates Politico anew, and John Stossel vs. Lou Dobbs.

Last week we heard large-scale layoffs are hitting Forbes this week. An insider tells us "at least three" sales staffers were canned today. FishbowlNY got an internal memo from Steve Forbes telling his staff about what's to come:

Ever since McKinsey & Company finished up its three-month review at Condé Nast a few weeks ago, the publishing giant has been busy cutting costs, closing down four magazines and laying off staff at most of its remaining titles. But perhaps instead of hiring the pricey consulting firm, Condé should have traveled to the front lines to talk to one of the guys who sells magazines for a living? To gain some insight into the future of printed media and find out what sells (and what doesn't), we headed over to a newsstand on Third Avenue to chat with a kind gentleman named Naseer. You'll find his thoughts on the layoffs and career advice for unemployed journalists below.