Todd Spangler NY Digital Editor Media and publishing company Condé Nast will lay off upwards of 300 employees, representing 5% of its headcount, and take other cost-reduction measures as it looks to improve efficiency.
Condé Nast says it has more than 6,000 employees, meaning the job cuts will eliminate more than 300 roles. The cutbacks were announced by CEO Roger Lynch wrote in a memo to company staff Wednesday.
The New York-based company is “prioritizing cost reductions” through office space consolidations, according to Lynch. For example, Condé Nast is already in the process of bringing its U.K.
teams together in one space. It also is closing open roles and “re-phasing certain long-term projects across the business,” he wrote.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.