New York Magazine Lays Off Staff as Part of Restructuring
New York magazine, owned by New York Media, is laying off 16 full-time employees and another 16 part-time employees and freelancers, reports CNN Business. The cuts represent about 5 percent of total full-time staff and are the beginning of the magazine’s restructuring. Staff were notified Monday in a memo by New York Media chief executive Pam Wasserstein. The functions most impacted by the cuts include video, audience development, and copy and fact checking.
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