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.
‘American Idol’ finale takes a big dive
CBS upfront analysis: Cruising at full speed
ESPN snags U.S. Open rights away from CBS
NBC: We’re seeing record Olympics ad sales
CW upfront leftovers: Comedy in the wings
Carell returns for ‘The Office’ finale
For the CW, changes on every night
‘Does Someone Have to Go?,’ yikes
For USA, a new focus on laughs
Imagine, a crowdfunded newspaper
Best tube bets this weekend
So, how will the upfront shake out?
Fox wins night but part one of ‘Idol’ finale fades
- Chris Newport and Soyoung Kim join Billups Worldwide
- Melanie Hughes becomes EVP of human resources at Tribune
- Ben Widdicombe becomes contributing editor at The New York Observer
- Jennifer Lopez becomes CCO at NUVOtv
- Jason Shafton becomes VP of brand marketing at Comedy Central
- Clifford S. Harris rises to SVP of law and programming at Cablevision
- Steve Sinicropi becomes VP and market manager at Entercom
- Bob Pares becomes EVP of sales development at NewMediaMetrics
- Matthew Zeitlin becomes economics and finance reporter at BuzzFeed
- Nick Cannon leaving his syndicated radio show
This week’s cable ratings
This week’s broadcast ratings
This week’s daypart ratings
This week’s top movies, songs and books
This month’s new media traffic data
This week’s younger viewer ratings
Associate media director in New York
Digital media planner opening in Boston
Assistant media planner in Jacksonville, Fla.
Digital media specialist job in Austin
Opening: New business director for West Coast