For those uninformed on this situation, the magazine has been losing readership by drastic numbers. The writing staff, arrogant and aloof, still thinks it's 1969, and just about every Playmate for the past fifteen years has been a silicone Barbie. I know at least two websites that have pleaded with hef to change with the times, but his magazine, once the industry standard, has become a a wrinkled old stripper who wonders why she's no longer raking in the tips.
Playboy mogul Hugh Hefner has reportedly been ordered to fire a handful of his staff - or face bankruptcy.
Hefner has become the latest victim of the global credit crunch after he was advised to dismiss employees in his Los Angeles and New York offices.
According to British newspaper the Daily Telegraph, the situation has been worsening for "a while".
A source tells the publication, "Only the top brass has known for a while how bad things have been for Hef recently."
However, Hefner's spokesperson Elizabeth Austin would neither confirm nor deny the financial problems, saying, "It is our policy not to comment on corporate matters such as employee issues."


I could never figure out how they made any money on what they charged for Playboy magazine. Both times that I've gotten a subscription (utlimately just to cancel it cuz the magazine sucked IMO), it was for very, very little money. Some of those past editions sell for a lot of money too for some reason.
Hef refuses to change much of anything...he's still living in the past for sure, but he's an old man...what else is to be expected?? "You're gonna die soon..." ;)