Conde Nast slashes 22% of internet staff

by Staff,, Brand Republic 08-Nov-01, 09:05

NEW YORK - Conde Nast has cut 22% of staff at its internet arm Condenet, as revenues failed to grow at forecast rates.

The company axed some 25 jobs, affecting sites such as Epicurious.com, Concierge.com and Style.com, home of fashion titles Vogue and W online.

Earlier in the year, it cut 12% of employees at Condenet, following the delay in launching several Conde Nast magazine websites. Sarah Chubb, president of Condenet, said that traffic to the sites was strong, but there have been questions over revenue for the year.

The publisher of Vogue and Vanity Fair has struggled this year, also closing down the women's magazine Mademoiselle, which was founded in the 1930s.

Chubb said that, even without the terrorist attacks on September 11 and the subsequent downturn in advertising revenue, Condenet would have had to cut jobs.

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