The cuts will impact almost every department at the magazine publisher.
Vogel cited the current layoffs as part of the plan to continue the company’s momentum amid “economic uncertainty.” IAC is scheduled to report its fourth-quarter earnings on Feb. 14.
“Like many businesses in our space, we have grown aggressively over the last few years, while also integrating our two companies. With the difficult market environment and economic uncertainty that lie ahead, we must prioritize our biggest opportunities and make sure we have the proper cost structure in place to pursue them,” Vogel wrote.
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