Condé Nast doing more layoffs? They are really stringing out the employees' emotions. And they are not the only ones: http://www.foliomag.com/2009/cond-nast-layoffs-roundup-so-far
And what about Playboy? The magazine is reducing circulation drastically, just to cut down on printing cost. Two types lose here: The sub, "I'm sorry, we no longer honor your subscription. We also apologize that you paid in advance as we specified."
And, the advertiser: "We will not meeting the circulation amount that we told you we would when you paid millions of dollars to us. We will pocket that money, and do not apologize."