Hearst Magazines Lays Off at Least 40 Employees

Hearst Magazines has laid off a number of editorial employees, affecting brands including Cosmopolitan, Seventeen, Elle, Harper’s Bazaar and more. According to the Hearst Magazines union Twitter account, 41 union members were impacted by the layoffs.

Teen-focussed publication Seventeen is being brought under the leadership of Cosmopolitan editor-in-chief Jessica Giles. Seventeen editor-in-chief Kristin Koch is stepping down from the brand at the end of September.

“As we continue to produce the highest-quality content across all platforms, we’re also making strategic decisions that position the business for long-term growth,” a spokesperson for Hearst told BoF.

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Troy Young Exits Hearst: What Happens Now?

The yet-to-be-named replacement for Young, who was the subject of a recent New York Times exposé documenting alleged lewd comments and other inappropriate behaviour, will be left to reckon with advertising-based publishing’s challenged business model.