Playboy Enterprises Cut Back, Move Jobs To Chicago

No one is immune from the current economic crisis, not even Hugh Hefner. The Hef's company, Playboy Enterprises, recently reported they finished 2008 in the red thanks to over $100 million "in asset impairment and restructuring charges for the fourth quarter" according to Crain's. As a result, the company is shutting down most its New York-based operation and moving a few jobs to it's corporate headquarters here in Chicago. Jimmy Jellinek will switch from being Playboy’s online editor to the magazine’s editorial director, replacing Chris Napolitano. Napolitano will stay in NYC so Playboy can maintain a presence there. The company cut some jobs in the fall and apparently more cuts aren't out of the question.