CNN —TIME, the iconic red-framed magazine, laid off some 15% of its union-represented editorial employees on Tuesday, the newsroom’s union said, becoming the latest major news outlet to slash its reporting staff. A TIME spokesperson told CNN that the outlet had laid off roughly 30 employees across several departments, including editorial, technology, sales and its studios division. Among those laid off Tuesday was a majority of the staff at TIME for Kids, a news publication for school-age children, the union said. “All of these actions have moved us considerably closer to being a profitable company, an achievement we must reach to realize TIME’s full potential. “Audiences can read the difference between a media company that invests in journalists and one that invests in executive compensation and outside consultants.

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Persons: “, ” Haley Weiss, Jessica Sibley, ” Sibley, Susan DeCarava, ” Organizations: CNN, Time Magazine Locations: New York