Industry Standard Announces More Layoffs

The Industry Standard, the self-proclaimed weekly “newsmagazine of the Internet economy,” provided another sign of the sobering times by laying off 69 employees, or 16% of its work force. The San Francisco-based magazine now has laid off 22% of its staff since Jan. 1 as its holding company, Standard International Media, unravels an ambitious expansion undertaken during last year’s heady times. The advertising slump underlying a magazine industry shakeout has been felt most acutely at print publications and Web sites dedicated to technology news. The Industry Standard said it had sold 459 ad pages through March 6, down by about 60% from the same time last year.