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Hearst Magazines Lays Off 41 Employees

Photo: Ben Gabbe/Getty Images for Hearst

Hearst Magazines laid off 41 employees on Thursday, citing a continual effort “to produce the highest-quality content across all platforms,” a spokesperson for the company told Fashionista in a statement, adding that it was a “strategic decision that positions the business for long-term growth.” Titles such as Cosmopolitan, Harper’s Bazaar, Elle and Town & Country — all under the Hearst Magazines umbrella — were affected. 

The so-called “restructuring” affected deputy and other senior positions, including Seventeen editor-in-chief Kristin Koch, who’s set to leave her role in September, leaving Cosmopolitan editor-in-chief Jessica Giles to take on double-duties.

In response to the layoffs, the Hearst Magazines Media Union wrote on Twitter: “Due to ‘company restructuring,’ we are losing talented people whose creativity and institutional knowledge is immeasurable […] We are disappointed and angry that Hearst unilaterally chose to lay off our members instead of coming to the table to explore alternative options.”

In just February and May of this year, Hearst brought on new executives, including Jordan Wertlieb as executive vice president and chief operating officer and Steven R. Swartz as president and chief executive officer. 

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Source: Fashionista.com

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