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.
Also of note is the rumors that a couple of Hef's "bunnies" have been wandering.
The news will be another blow to Hefner who recently discovered that two of his "bunnies" may have been cheating on him.I guess it is true that no industry is recession proof.
Holly Madison, who has previously been named as Hefner's "No.1" girlfriend, is alleged to have had an affair with magician Criss Angel and another bunny, Kendra Wilson, is reportedly dating football star Hank Baskett.