Condé Nast Laying Off 5% Of Its Workforce, Citing “Volatile” Nature Of Digital Video Marketplace ...Middle East

Condé Nast plans to cut 5% of its workforce, acknowledging the toll of digital video’s shift toward short-form fare inspired by TikTok. The parent company of well-established media brands like Vanity Fair, GQ and The New Yorker will cut about 270 employees from its global ranks of about 5,400. CEO Roger Lynch informed staffers about […]

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