Business: Another Playboy Hutch Cleaning

Final stage of reshuffling?

Since profits started tumbling four years ago, Playboy Enterprises Inc. has been through more shufflings than a Playboy magazine in a barbershop. Employees at Chicago headquarters are now smarting from still another round of corporate hutch cleaning: the abrupt firing of 70 administrative and editorial workers, including five of the 30 vice presidents. President Derick Daniels circulated a written assurance that "no further planned mass reductions" would occur; understandably, that did not solace the survivors. He called the purge part of a "broad program to reduce administrative overhead and...

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