Condé Nast is expected to complete its latest, and per WWD, the final, round of job cuts this week – following a year of layoffs and structural reorganization under the watch of former AOL executive Jim Norton – which will see the New York-based media giant let go of roughly 80 staffers, or “about 2.5 percent of its 3,000-person workforce.” As for the most headline-making element: The publisher’s buzziest title of the past year, Teen Vogue, will go from 5 print issues per year (down from 12, as instituted last year) to operating in an entirely digital capacity.
Other titles will get cut down in terms of the frequency of print publications, WWD stated on Thursday: “GQ, Glamour, Allure and Architectural Digest will go from 12 annual print issues to 11, while Bon Appétit will go from 11 issues to 10, and W and Condé Nast Traveler will now have 8 issues, down from 10.”
In Teen Vogue’s move to digital only, its buzzy editor-in-chief Elaine Welteroth “may remain working on the title in some capacity,” per WWD, but “she will likely find an additional role at the company, maybe as editor-in-chief of Glamour or editor in chief of Allure (and its current editor, Michelle Lee, be moved to Glamour).” Another, “perhaps more plausible scenario,” according to WWD, “is that Welteroth grows a new brand at Condé Nast, as Picardi has with Them, a site focusing on LGBTQ issues.”
A spokesman for Condé Nast declined to comment on the frequency changes, budget cuts or layoffs.