Time to cut more than 200

Time Inc.'s widely anticipated wave of job cuts is expected to take place today - and insiders are predicting the bloodbath could involve as many as 250 people.

"It is safe to say it will be more than 200, it could go as high as 250, but it certainly won't be 300," said one insider.

Time magazine could lose 35 to 40 percent, or around 70 employees, from its editorial staff. People is also bracing for deep cuts.

Even in the 200- to 250-person range, the cuts amount to more than 2 percent of the company's worldwide work force - now about 11,000 after 13 months of downsizing, cutbacks and asset sales.

Click on headline to read the full story by Keith J. Kelly in the New York Post