Playboy announced in February that it would save $5 million annually by closing the New York office. Just more people sacrificing their jobs so that an old man can bang young chicks in Sunny California.

NEW YORK (AFP) — Focusing on boardroom, not bedroom needs, famed men’s magazine Playboy is pulling out of its New York offices, a spokeswoman said Monday.

“We are closing our New York offices to integrate our online and printed publishing,” Martha Lindeman told AFP.

She said that about 100 jobs were affected and that although some employees would transfer to offices in Chicago, or be given other options, the “majority” would leave the company.

Only a “small editorial and sales presence” will remain in New York where the racy magazine has leased 5th Avenue premises since the early 1990s. The move will take place May 1.

Playboy explained in an earlier statement that it intends to “streamline operations across the company, which will include the elimination of additional positions and reduction of other expenses.”

New York is not the only place where Playboy founder Hugh Hefner is feeling blue.

The Los Angeles Times reported this month that Hefner is selling his family home in California for nearly 28 million dollars.

Hefner’s Playboy Mansion appears safe for now: the 83-year-old sex king continues to live there with three models.