10/27/2008 05:12 am ET Updated May 25, 2011

Playboy Laying Off Bunnies Amid Financial Crisis

PLAYBOY boss Hugh Hefner is laying off some of his bunnies because of the credit crunch.

The tycoon is reported to have been told to "strip back" loyal staff at his famous glamour empire.

And to stop the organisation going bust the 83-year-old is expected to execute mass sackings in his Los Angeles and New York offices this month.

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