Hearst Magazine Co. says it is reallocating resources amid changes in the industry, and layoffs are hitting the company.
Hearst Magazines features more than 25 U.S. brands, including Elle, Esquire, Cosmopolitan, Harper’s Bazaar, Town & Country, and more. The exact size and sectors affected were not immediately clear.
“After a thorough review of our business, we have decided to reallocate resources to better support our goals and continue to focus on digital innovation while strengthening our best-in-class print products. Long-term “As we reimagine our team structure to drive strategic growth, we plan to reduce areas that do not support our core strategy and eliminate certain positions,” said Debi Chirichella, president of Hearst Magazines. stated in a memo.
“These changes will enable us to remain in business for the long term. We are prioritizing the areas where we can have the greatest impact and drive growth, providing the highest quality storytelling, advertising solutions and digital We remain focused on creating experiences,” the memo continued.
Writers Guild of America East Executive Director Sam Wheeler said in a statement Thursday that the firings were “unnecessary, irresponsible and cruel.”
“Today, Hearst Magazines, a company that has consistently been anti-union, has become the latest media company to carry out unnecessary, irresponsible and cruel firings of editorial employees. A few senior executives with little additions, makeshift jobs and self-respecting titles apparently got through today relatively unscathed.
“Readers come to Hearst because of the talent and skill of our editorial staff. These workers are what make Hearst what it is. Until they recognize that they are a part of the workforce, they will continue to race to the bottom with no one to blame but themselves. These workers deserved more recognition,” Wheeler said. Ta.
Hearst is one of many publishers to partner with ChatGPT owner OpenAI in recent months. In his memo, Chiricella also talked about other new changes at Hearst Magazines.
“To date, we have made significant progress towards our strategy. We have launched new digital advertising products like AURA, adopted a new digital subscription management platform, expanded our offer, “We are leveraging our international footprint and the Hearst Global Solutions team in London to help us become an even stronger, more strategic media partner for our clients,” Chirichella said in the memo. “We have expanded it,” he said.
