After failing to be sold itself, Reed Business Information is now selling TWgroup, its travel publishing unit including Travel Weekly, Gazetteers.com, Travolution, the Globe Travel Awards and associated websites and events. The group is going to Holiday Autos founder Clive Jacobs (yes, a car hire businessman is buying a travel…

It was almost inevitable. This time last year widget-maker (because that’s what they were called, then) Slide was sitting on $50 million worth of new funding from Fidelity and T-Rowe Price. Now, the S.F.-based startup is slashing its sales force, GigaOm reports, in what CEO Max Levchin says is a…

Joost was squeezed out of the market by broadcasters picking their own VOD channels instead of aggregators, acknowledges Mike Volpi, who resigned as CEO after abandoning the company’s consumer focus and has joined its equity holder Index Ventures as a partner. “The biggest lesson - people want to watch great…

The gaming industry has shed 6,300 jobs in North America, or about 12 percent of the sector, since June 2008 according to Gamasutra. The stats come from the 2008 Game Developer Census; to arrive at that number, independent analyst Wanda Meloni took last year’s employment figures and then subtracted the…

Yahoo is planning its third major round of job cuts in 14 months. The New York Times reports that the company could lay off “several hundred employees” as soon as next Tuesday, when Yahoo reports its earnings. A spokesperson would not comment, but the company had warned during its last…

The bleeding isn’t stopping at the Chicago Tribune, as Crains Chicago Business reports that (via E&P) the paper told employees last week that the newsroom would lose another 20 percent of its staff. The news comes as the Labor Department has opened an inquiry into the way bankrupt parent The…

Any hope that Microsoft (NSDQ: MSFT) has turned the corner and won’t need to make those deep job cuts after all has been snuffed out. Microsoft General Counsel Brad Smith said Monday that the company’s employment plans had not changed. In January, the company announced its first-ever mass layoff, cutting…

Digital ad agency MRM Worldwide has been laying off some of its New York employees—about 15 over the past month and another five to 10 this week, according to ClickZ. The cuts span creative, account and project-management divisions. The layoffs come amid the most difficult year on record for online…

Following a reorg that brought Condé Nast’s online ad sales under one unit in January, the company has laid off staffers at the U.S. digital unit. Roughly 20 to 30 staffers were let go, a source told paidContent. The comes after the publisher laid off four individuals at its UK…

Even a fresh influx of cash couldn’t keep online entertainment network Buzz Media (formerly Buzznet) from cutting staff: the company told paidContent that it is laying off more than 20 percent of its team today, leaving it with roughly 75 employees. The layoffs come as Buzz Media puts the brakes…

Unable to raise additional capital from investors, one of the world’s largest social networks has laid off half of its staff and is adding a new twist to its business strategy. Taking a cue from gaming companie, hi5 b>today entered into a partnership with games network Mochi Media to distribute…

CondeNet UK is in consultation with staff to make four redundancies as part of wider cutbacks at the magazine publisher. The online unit has undergone a restructure but some CondeNet International staff have been drafted in to CondeNet UK for the Wired.co.uk launch. That means CondeNet UK’s headcount remains 42,…

Forbes Media is planning on cutting another 50 jobs, MediaMemo’s Peter Kafka reports. Forbes didn’t return calls seeking comment. The business mag has already slashed more than 60 jobs since last fall. Those job losses were attributed to the two-phase process of combining the digital and print staffs. With that…

Google said Thursday it would cut about 200 jobs in sales and marketing, in the third set of layoffs in three months for the company. In a post on the company’s blog, Sales Chief Omid Kordestani said that due to the company’s rapid growth, “in some areas we’ve created overlapping…

The New York Times Company (NYSE: NYT) is laying off some 100 NYT business-side employees and cutting non-union salaries across the board. NYFishbowl has the memo, which also outlines a “temporary” 5 percent salary reduction for all non-union employees at the NYT.  In an attempt at softening the blow, NYT…

Elevated interest in Wall St. since the global market meltdown this past fall hasn’t necessarily translated into financial win for TheStreet.com (NSDQ: TSCM). The market news site, which was co-founded by CNBC star Jim Cramer, is cutting 18 jobs as it tries to save $2.4 million. But in Q1, this…

Business trade publisher Crain Communications has laid off 150 staffers and sliced salaries across the board by 10 percent, sources tell paidContent. No word on which magazines or whether the business side or the editorial side is bearing the brunt of the cuts. This is the third major paring since…

Online and TV ad agency Spot Runner let go another 60 staffers on Friday, Techcrunch reported and paidContent confirmed. The Los Angeles digital ad shop laid off 115 employees back in November and 50 others were pink slipped in August. A Spot Runner rep says that the cuts were made…

AOL (NYSE: TWX) has handed out more layoffs today, as part of the 10 percent staffing cut—roughly 700 jobs—that was announced back in January, SAI reported. Sources told paidContent that the layoffs were primarily focused in AOL’s original Dulles offices, but New York and California staffers were also let go…