Last week, Condé Nast chief executive Roger Lynch sent shockwaves through 1 World Trade Center by announcing the shuttering of SELF magazine as a standalone publication, while making cuts to Glamour and other titles. The cost-cutting measures came as another tangible sign of the increasingly bleak state of the magazine business, underscoring how even major publishers are consolidating around their core brands still capable of generating meaningful revenue.
Condé, of course, is hardly alone. Just a few miles north in Midtown, Us Weekly staffers were informed Monday of a major round of layoffs, Status has learned, eliminating nearly half of the over 50-person workforce. One staffer told Status that those impacted were informed that the magazine’s first-quarter performance “wasn't as solid as expected” as justification for the cuts.
Not only did Us Weekly slash nearly half of its staff, including its entire social media team and español operation, but Status has also learned that the magazine is…
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