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WORSE THAN EXPECTED: The financial magazines have had a rough go of it lately. Aside from speculation about impending cuts at Fortune as part of expected widespread layoffs at Time Inc., the tally of those let go at Forbes during its latest wave of cuts this week has reached nearly 100 across both the editorial and business sides, according to reports, worse than expected at the publisher given the company had cut nearly that amount of staffers in several rounds of layoffs earlier this year. Forbes declined to confirm numbers. Among those said to have been let go are the editor of ForbesLife, Gary Walther.
Meanwhile, The Wall Street Journal cut nine staffers in its Boston bureau Thursday morning when it said it would close the office. Boston bureau chief Gary Putka will stay with the paper in another capacity. Managing editor Robert Thomson said the downturn in advertising revenue caused the paper to “think the unthinkable” in closing the bureau but, he added, “There are no plans, nascent or otherwise, to close any other U.S. or international bureau.”