The cost cutting and effort to be more nimble continues in the magazine publishing industry this time at Hearst. According to a report by Business Of Fashion, Hearst will be merging the entertainment, fashion and beauty departments of Women's Day, Good Housekeeping, Seventeen, Redbook and Cosmo in the new year. Hearst says it's an effort to drive more collaboration in creativity and innovation which is code word for, cutting costs and laying off some workers. Its no secret that directives were handed down from the top to start cutting costs and tightening up budgets. So this is clearly part of that effort. No word yet on how many jobs this will affect, but with the merging of these departments, surely there will be some redundancies which will need to be eliminated.
Hearst Merging Some Departments Across Select Titles, Jobs On The Line
Reviewed by Editor