Layoffs at Conde Nast may continue today
October 11, 2012
The axe swung at Condé Nast yesterday, and it’s not expected to stop chopping until at least tomorrow.
At least a dozen staffers were let go, most of them on the editorial side at Self magazine, according to The New York Post’s Keith Kelly.
Vice president of media relations for digital and corporate communications Susan Portnoy also lost her job after more than six years in her position.
The cuts are part of a mandate by Condé Nast to reduce costs by 10 percent this year, the latest round of cost-cutting following what was a brutal recession. The company also wants to reduce costs by 5 percent next year.
There are rumors that the layoffs will continue today, and Kelly says Glamour and GQ are in danger, though he notes that The New Yorker and Vanity Fair, two of the company’s most successful brands, are believed to be safe.
TV programming blog: All the cancellations and renewals
CBS dominates Thursday with more NCAA playoffs
Podcasting comes of age: What’s behind a recent boom
CBS renews a slew of shows, with a few missing
Best of the week: Advertisers revolt against Google
Putting a pricetag on ad fraud: $16.4 billion
Surprise: There’s one area where TV viewing is soaring
Media Life’s Digital Media Transparency Initiative
Weekend TV: Can anyone beat the UConn women?
‘Empire’ rises slightly in its return to lift Fox to first
Well now: Mobile usage is even bigger than you think
CBS, the daytime leader, leads Daytime Emmy nominations
Whoa: Almost a third of Millennials cut the cord
- Arun Kumar becomes chief data and marketing tech officer at IPG
- Jenny Campbell rises to managing director at 72andSunny
- Adam Crandall becomes director of strategy at mono
- Mark Wildman rises to EVP of partnerships at Westwood One
- Kevin Craig rises to SVP of newspaper relations at AMG/Parade
- Bill Corvalan becomes VP of West Coast partnerships at AllOver Media
- Richard Just becomes editor at The Washington Post Magazine
- Gemma Lawson rises to VP and design director at Nickelodeon
- Ashley Judd joins Epix' 'Berlin Station'
- Former NBC ad sales executive Robert Blackmore dies at age 90
This week’s broadcast ratings
This week’s cable ratings
This week’s top-rated movies, songs and books
This week’s daypart ratings
This month’s digital traffic data: December 2016
Ad sales rep for a digital-only magazine
Freelance media planner/buyer available for all markets
Wanted: Media buyer in Philadelphia
Paid social media planner wanted in Detroit
Opening for a media planner at a top OOH agency