Time Inc. has begun laying off employees as part of a broader restructuring at the company, CEO Joe Ripp said in a memo to employees Tuesday morning.A spokeswoman for Time Inc. declined to discuss the number of layoffs, but Mr. Ripp said in his memo that David Geithner, exec VP-president of the Style and Entertainment Group, and Ed Kelly, CEO of American Express Publishing, were leaving. Many of the job losses will come from redundancies created when Time Inc. bought American Express Publishing, which includes Travel + Leisure and Food & Wine, according to Mr. Ripp.Mr. Geithner, the younger brother of former Treasury secretary Timothy Geithner, had been on the rise in the days following the abrupt end of former CEO Jack Griffin. Mr. Kelly had been CEO of American Express Publishing since 2000.
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