Sep
25
Submitted by admin on Thu, 2008-09-25 11:54
Hugh Hefner has been advised to cut back on staff at his multi-million dollar glamour empire as it struggles to cope during the global economic turmoil. The 83-year-old has been told to lay off some of his staff at his Los Angeles and New York offices as soon as this month or go bankrupt.
The company has recently seen shares fall from $6.20 to $1.55. An insider at the company said that bosses had been aware of the worsening situation for "a while". "Only the top brass has known for a while how bad things have been for Hef recently."
Maybe this is why the "Girls Next Door" are all moving on. Sounds like Hef is going bankrupt, I am sure they were not with him for his good looks.
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