By Todd Spangler NY Digital Editor Condé Nast will pink-slip about 100 employees in the U.S. and is putting another 100 on unpaid leave for several months as the COVID-19 crisis cuts into the media company’s business.
The New York-based company, whose titles include the New Yorker, Wired, Vogue, Vanity Fair and GQ, had about 6,000 employees worldwide at the start of 2020.
CEO Roger Lynch announced the cutbacks in a memo to staff Wednesday. One month ago, he told employees that layoffs were in the offing, along with other cost-cutting measures. “Today, we are taking additional cost-saving actions that are specific to our U.S.
Read more on variety.com