Here's some more of that Schumpeterian creative-destruction that these business magazines like to crow about. It's supposed to be good for the working man. Oops:

BusinessWeek Prepares for Round Two of Layoffs
The other shoe is about to drop at BusinessWeek -- or Bloomberg BusinessWeek, as it's been officially known since the financial news giant bought it last October.

Shortly after taking over the 80-year-old magazine, Bloomberg pruned its staff by a reported 30%. Sharp as those cuts were, the new owners made it known that there would be another round of downsizing sometime before the magazine moved from its home in the McGraw-Hill building to its new offices in at Bloomberg headquarters in May.

According to sources, that round will commence on Thursday. One insider characterized it as a realignment intended to pave the way for a sweeping redesign of the magazine, which will debut April 23...

Source: DailyFinance

...ah, that's a shame...