4 times square.jpgIt seems like every day there has been more bad news coming out of Condé Nast, and it looks like today is no exception.

MediaWeek reports that the magazine publisher’s digital arm let 15 staffers go yesterday, mostly from sales. (Are you one? Tell us your story)

More layoffs are not surprising — and we expect more in the coming weeks — but to make matters worse, Newsweek says that Condé Nast could see revenue tank $1 billion this year. Ouch.

Updated: Layoffs Hit CN Digital –MediaWeek

Just How Much Did Conde Nast Lose?Newsweek

Related: Confessions Of A Conde Nast Layoff Victim