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All kinds of job cuts happening at Time Inc. today — because it's not just important to make gobs of money; you must make gobs and gobs of money — and our fine friends at Sports Illustrated were not spared, it seems.

We hear that SI assistant managing editor Roy S. Johnson accepted a buyout of his contract today. This had been Johnson's third stint with the magazine. We hear Johnson's buyout is "unconnected" to the other Time Inc. layoffs, which were mostly on the biz side, though it's all very confusing.

We're never pleased to see someone lose their job, so we wish Mr. Johnson much good luck.

Roy S. Johnson Archive [SI.com]