According to PDN, more layoffs are occurring at Condé Nast Media Group. These layoffs mainly hit Vanity Fair and W magazines. On October 8th, PDN announced that Condé Nast had already lost almost over 180 employees. As of October 16th, more employees are losing their jobs, which included Lou Cona who originally took over for Richard Beckman earlier this year. These layoffs are resulting in company wide review and cost cutting efforts. The review lead to four major titles closing, which are Gourmet, Cookie, Modern Bride and Elegant Bride. Apparently, more cut backs and layoffs will be occurring in the company.
Click here for the October 8th article.
Click here for the October 16th article.
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Hmmmm, will any of use be able to find work after graduation?
ReplyDeleteWe can only hope, Lisa
ReplyDelete