GQ Gets Hit with Layoffs as Condé Nast Trims Budgets Across Magazines
GQ has laid off about seven staffers, WWD has learned, as budget cuts are biting throughout Conde Nast. GQ did not comment on details of the situation, but noted that it will re-appropriate and shift some of the jobs that were cut, as it continues to build up its Web site. Sources said jobs that have been impacted include managing editor, senior digital editor, entertainment editor, market associate, business manager and business assistant.
GQ is one of the first magazines to be affected by what is understood to be reductions at several titles at the parent company. The cuts are said to vary depending on each magazine’s current revenue picture, but it’s believed other titles won’t be as hard hit as GQ in terms of layoffs.