Tycoon 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.
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What Really Happened: Hugh Hefner to sack Playboy bunnies amid financial crisis
By mememan - Posted on October 7th, 2008
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