Whoa.

According to the Arts Beat blog at the Times, Sara Nelson, the editor in chief of Publishers Weekly, the main trade magazine for the book industry, has been laid off, along with an additional 7% of the staff. The layoffs are being described as a "restructuring", but it's pretty clear that this is further evidence of the way the publishing industry is suffering in the current economy.

Depressing. We wish everyone affected by this shake-up the best of luck with their future endeavors....