UPDATE: Stan Steinreich responded to this story and says that it is completely inaccurate. Please see follow-up post here.

A tipster tells us that seven people have been laid off at PR/advertising firm Steinreich Communications, where three offices (in New York, LA, and DC) were also closed.

The same tipster tells us that president/CEO Stan Steinreich attributed the closures and layoffs to a poor economy and client losses. The company continues to rep As Seen on TV brands and 1-800 Mattress, among others, from its Hackensack, NJ headquarters.

Steinreich did not respond to multiple requests for comment.