At least four more people were laid off this week at NGM.
Details as we get them….
UPDATE: Make that six (6) NGM staffers laid off — three of them Society veterans.
UPDATE 2: These cutbacks are a function of the Magazine’s continued financial nosedive, of course. NGM’s primary revenue stream has long been Society membership dues, which have been heading south for years:
And while selling NGM’s brand equity to Shell and Lipton and other corporate partners might temporarily compensate for this financial freefall, we believe this advertising strategy is a dead end (as we’ve noted before).
In related news, here’s a financial snapshot of annual compensation for our Magazine’s Editor-in-Chief:
≡ Source: Guidestar.org
(NGS financial data available only through 2008)