A spokesperson confirmed the layoffs and said the publisher was making"strategic decisions" for its future.Hearst Magazines — which publishes major consumer titles including Cosmopolitan, Seventeen, Good Housekeeping, and House Beautiful — was hit by layoffs on Thursday, a company spokesperson confirmed to Insider and impacted staffers shared on social media throughout Thursday afternoon.
The employees — all of whom insisted on anonymity to speak freely about the day's events — said they felt an emotional toll as the publisher's various units were affected by cuts.that 41 of its members were laid off due to"company restructuring." "I opened our Slack channel and basically, someone was like, 'Hey, y'all. I'm leaving.' And everybody's like: 'What the heck is going on?'" this person said.
Read the full memo from Hearst Magazines president Debi Chirichella about the company's round of layoffs on Thursday:As we continue to evolve our operations and invest in areas with high growth potential, we have also been assessing the team structure across our brands. Through this process, we've made strategic decisions that resulted in some role reductions that were made today. This means we will be saying goodbye to some of our talented colleagues across the organization.
Over the past six months, we have made progress against these goals. We have continued to produce the highest quality products and content experiences for our audiences, realigned our advertising organization around client industries to make it easier for our advertising partners to work with us, and sharpened our focus on the solutions side of our business. We have also reimagined our broader organizational structure to drive long-term consumer growth when the economy improves.
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