Forbes scaling back to 10 issues in 2018

Forbes, which in its glory days published its flagship print magazine every other week, is going to cut back to only 10 issues in 2018 as it sliced 20 more people from its payroll.

“As we focus more on digital and mobile, beginning in 2018, we plan to adjust the annual frequency of Forbes magazine from 14 issues to 10,” said a spokeswoman.

“These changes will shift even more investment to the impactful journalism and deep-dive investigative reporting that are the hallmarks of Forbes,” she added.

Among those hit by the latest round of layoffs were the vice president of information technology, Bryan Phil, and veteran photo director Michele Hadlow. Lewis D’Vorkin, who resigned as chief product officer to become the new editor-in-chief of the Los Angeles Times, has not been replaced.

Mia Carbonell, who was the chief spokesperson, resigned last week to jump to Bloomberg LP.