FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Hearst To Fire As Much As 45 Percent of Hachette Filipacchi Media Workforce After Acquisition

When news came Monday that Hearst was set to buy the magazines published outside of France by Lagardère, it was estimated that layoffs at Lagardère’s U.S. division Hachette Filipacchi would be as high as 30 percent.

The New York Post now reports that the headcount at Hachette Filipacchi Media, whose flagship magazine is Elle, is down to to 633, according to a spokeswoman. Hearst is said to be expecting to retain only about 350 HFM employees, once its agreement with Lagardère is finalized (supposedly before July 1). That would mean a downsizing of about 45 percent of the current HFM workforce.

At this point, the Post reports that advertising, marketing, and editorial are not expected to sustain major losses, and much of the firings will be from the back-office operations.

Mediabistro Course

Copy Editing: Intro

Copy Editing: IntroStarting January 6, learn basic copy editing skills using the AP Stylebook! In this course, you'll learn how to use dictionaries and online reference tools to edit work, ask the right questions to clarify convoluted copy, prepare for a copy editing test, and tailor your resume to find more work as a copy editor. Register now!