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Condé Nast reportedly about to make major staff cuts

Condé Nast reportedly about to make major staff cuts

Not-so happy holidays

Editor: Buro 24/7

It's considered one of the most respected publishing firms in the business, yet Condé Nast is currently undergoing a huge reshuffle and said to be proposing major staff cuts this season

Condé Nast – which is owned by Advance Publications – has been doing some housekeeping lately, namely by selling its unprofitable trade publication division which includes WWD – Women's Wear Daily – and Footwear Newsto Penske Media for a reported $100 million.

And unfortunately it looks like things are still being shuffled around, as editorial layoffs at the esteemed publishing house are imminent. We hear that it's planning to make redundant between 70 and 80 employees, primarily from its advertising sales division. This would be its first significant staff reduction round since 2012. A Condé Nast spokesperson declined to comment on this story at this time, and the redundancies are expected to be announced over Christmas.