Playboy’s main man Hugh Hefner has reportedly been givin an ultimatum to either dismiss employees in his Los Angeles and New York offices or face bankruptcy.

According to British newspaper the Daily Telegraph, the situation has been worsening for “a while”.  A source says:

“Only the top brass has known for a while how bad things have been for Hef recently.”

Hef’s spokesperson Elizabeth Austin would neither confirm nor deny the financial problems, saying:

“It is our policy not to comment on corporate matters such as employee issues.”

Gosh, with these rumors and all the rumors of his girls Holly Madison, Bridget Marquardt and Kendra Wilkinson looking to leave him this could be a really tough year for the Playboy empire and Hugh Hefner himself.

photo: WENN

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