Is Playboy Going Bankrupt?

Hugh Hefner has been advised to cut back on staff at his Los Angeles and New York Playboy offices as soon as this month or go bankrupt.

The company has recently seen shares fall dramatically.

“Only the top brass has known for a while how bad things have been for Hef recently,” an insider tells the Daily Star.

All of this comes amid news that girlfriend Kenra Wilkinson may be engaged to basketball player Hank Baskett and Holly Madison may be having an affair with magician Criss Angel.