After shuttering two magazines and laying off hundreds of employees, Conde Nast is finally preparing to make the biggest cuts of all. As FishBowlNY reported this morning, Conde Nast will be cutting their chauffeur-driven Mercedes.
Instead, going to work everyday, you can now see New Yorker Editor-in-Chief David Remnick, Gourmet Editor-in-Chief Ruth Reichl, David Carey, a group executive president who oversees Golf Digest, Wired and Portfolio, and Portfolio Publisher William Li. all riding the subway. No one had asked where Anna Wintour is yet.
Will all this sacrifice really matter in the end though? Rumors from Conde Nast say that the company is still gearing up for another round of layoffs.