New York Media, the parent company of New York magazine, laid off 16 full-time staffers and an additional 16 freelancers or part-time employees as the publication restructures, chief executive Pam Wasserstein said in a memo to employees on Monday.
The cuts represent about 5% of New York Media's full time staff."It has been a difficult day here," Wasserstein wrote in the memo obtained by CNN Business, adding that the change"reflects tough decisions" she had made with the management team over the last several months. Wasserstein said the teams most impacted by the cuts were the video department, audience development team, and copy and fact checking.
Adam Moss reflects on 15 years at New York Magazine in the era of digital transformationRead MoreAs the layoffs occurred on Monday, one laid off New York magazine staffer described the mood inside the offices as"chaotic," saying people started to panic as word spread throughout the newsroom. The person said some staffers shed tears in the newsroom.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York Media lays off 32 people, including 5% of full-time staffThe departments most affected include audience development/circulation, copy, fact, production, and video.
Read more »
A new $2 million all-electric 'hypercar' accelerates faster than an F-16 jetThe Pininfarina Battista has ten times the power of a 5-series BMW.
Read more »
Conservatives target Ocasio-Cortez's 'Green New Deal' in New York billboardsA pro-business group unveiled two billboards targeting Democratic congresswomen ...
Read more »
New York City will be home to three new monuments honoring black womenShirley Chisholm, Billie Holiday and Elizabeth Jennings Graham will get statues in Brooklyn, Queens and Manhattan. - NBCBLK WomensHistoryMonth
Read more »
New York City subway and bus system's new payment method could hasten the death of cashThe U.S. is embracing contactless payments, which will likely accelerate the move away from cash in favor of credit, debit and mobile wallets.
Read more »
Alexandria Ocasio-Cortez hits back at New York Post's report on her Green New Deal 'hypocrisy''Pack it up folks, the Pulitzer’s been decided.' Ocasio-Cortez tweeted Sunday morning alongside a picture of the New York Post's front page.
Read more »
New York City Council Speaker Corey Johnson Calls For Breaking The Patent On HIV Prevention DrugsNew York City Council speaker Corey Johnson has joined in a campaign calling on the federal government to break the patent that Gilead Sciences has for the HIV-prevention drug Truvada (hereandnow)
Read more »
Michael Cohen sues Trump Organization in New York court
Read more »
New York man allegedly gouged grandmother's eyes with fingers, blinding herThe pair were arguing about money before the grandson attacked his 78-year-old grandmother.
Read more »