Hearst Magazines lays off 200 employees -- with most of them based at NYC headquarters

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Hearst Magazines lays off 200 employees -- with most of them based at NYC headquarters
BusinessCosmopolitan MagazineEsquire Magazine
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Today's Business Headlines: 11/28/24

Hearst Magazines , the publisher of household names such as Cosmopolitan, Good Housekeeping and Esquire, has fired around 200 employees — most of whom work at the company’s iconic headquarters in Midtown Manhattan.that the total number of layoffs amounted to 197 people — 67 of whom were members of the Hearst Union bargaining unit.

The tower was constructed in 2006 atop the original Hearst Magazine Building, whose facade was designated as a city landmark by the New York City Landmarks Preservation Commission in 1988. MSNBC's Joy Reid has unhinged rant against Republicans ahead of Thanksgiving: 'Make your own dinner, MAGA' “After a thorough review of our business, we’ve decided to reallocate resources to better support our goals and continue our focus on digital innovation while strengthening our best in class print products,” Chirichella wrote in the memo,“We will scale back in areas that do not support our core strategy and will eliminate certain positions as we reimagine our team structures to drive long-term growth.

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