Layoffs hit Hearst magazines
Layoffs have hit Hearst Magazines, as the publisher said it is reallocating resources amid changes in the industry, reports The Hollywood Reporter.
Hearst Magazines is home to more than 25 brands in the U.S. including Elle, Esquire, Cosmopolitan, Harper’s Bazaar and Town & Country. The exact size and departments impacted were not immediately disclosed, states The Hollywood Reporter.
“After a thorough review of our business, we’ve decided to reallocate resources to better support our goals and continue our focus on digital innovation while strengthening our best in class print products. We will scale back in areas that do not support our core strategy and will eliminate certain positions as we reimagine our team structures to drive long-term growth,” Debi Chirichella, president of Hearst Magazines, said in a memo to employees.
More here.
