Business

Fortune and Time take big job hits

Fortune is going to be the hardest hit magazine in the Time Inc. mass downsizing that began today, the Post has learned.

Fortune will lose about 40 people, including about two dozen from its 80 person editorial staff, sources say. The magazine had already said it was chopping its frequency from 25 issues to 18 issues a year in 2010.

Time magazine is the next hardest hit in the corporation, with about two dozen expected to leave in the coming weeks.