Condé Nast is expected to complete its final round of cuts by next Thursday, WWD has learned.
The New York-based publisher, which has instilled a hiring freeze, will slash about 80 jobs, equal to a decrease of about 2.5% of its 3,000-person workforce. Budgets across departments are also expected to get a haircut, with the worst-performing divisions and magazines getting cuts of up to 20%.
As part of that mandate, Condé is reducing the frequencies of most of its titles and will shutter Teen Vogue in print. Monthly titles Vanity Fair, Vogue, Wired and The New Yorker, which publishes weekly, will not see any frequency changes. Brides, which runs six times a year, will also continue at that publishing pace.