Janice Morris is exiting her post as editor of People.com, an individual with knowledge of the situation told TheWrap.
Morris notified her staff this week that she was leaving the magazine, according to the individual. The move comes as Time Inc. faces serious obstacles as it forges forth as a stand-alone public company.
A spokesperson for Time Inc. has not yet returned TheWrap’s request for comment.
Longtime Entertainment Weekly editor Jess Cagle took over as editorial director from Larry Hackett in January.
Also read: Time Inc. Spinoff Struggles In First Day Trading Amid Reports of Looming Layoffs, $1.3 Billion Debt
Earlier this month, the New York Times reported Time Inc’s editorial budget would be slashed by 25 percent with “deep cuts” in staffing and the company is dealing with $1.3 billion dollars worth of debt.
Also read: People Magazine Axes Traditional TV and Movie Reviews for New ‘People Picks’ Section
Time Inc. earlier axed 500 employees in February before the spinoff.
Time Inc. CEO Joe Ripp recently said to staff in a memo: “Managing change is incredibly hard but you have risen to the occasion and stayed focused and productive. We have a long road ahead and I am honored to be part of this great company as we build our future together.
For the record: A previous version of this article said Morris was Managing Editor. TheWrap regrets the error.