Time chief executive office Jessica Sibley said Tuesday that the company is slashing roles across several departments including editorial, technology, sales & marketing and Time Studios.In a memo obtained by The Post, Sibley told staffers: “It is incredibly hard to say goodbye to our talented colleagues; we are deeply grateful for their contributions to Time’s culture, mission and legacy, and we will closely support them through this period of transition.
“We are making changes now across our business to protect against this period of transformation and unpredictability in the media industry,” she said adding that the company will continue to make leadership its “north star” for its editorial team. The exec also touted strategic partnerships with Taboola, Statista and recent deals with AI companies, which she said will “further protect” Time and” its journalism” without providing details on how.