While we await sad news of layoffs that is likely to come out of Forbes this week, Condé Nast continues to pare down its staff and there’s more news on impending Time Inc. cuts and The New York Times buyouts.
- Yesterday, we heard whispers of cuts among the editorial staff at Details, but today Keith Kelly reports that two people got the axe, including executive editor Greg Williams. Layoffs also finally hit Teen Vogue, with mag trimming its sales and marketing staffs by six.
- Kelly also has some more info about the upcoming layoffs at Time Inc. that was first in the news yesterday. According to The New York Post columnist, the cuts will hit the division that includes Fortune, Sports Illustrated, Time and Money the hardest, and they will likely happen before Thanksgiving.
- One week after the Times announced that it would be offering buyouts in an effort to eventually shed 100 newsroom jobs, The New York Observer has gotten a closer look at those buyout packages that each employee received. In addition to the buyout offer, “generally, three weeks pay per year of service and up to two years pay for longtime employees,” the packet also contains a list of every employee that works for the company (without names), creating a sense of how huge the staff actually is — around 2,800 people from editorial to printers. And, as we learned last week, the paper has about 1,250 newsroom staffers, nearly 500 more than other papers in the U.S.
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- Edward Menicheschi Named CMO of Condé Nast