At least 14 top executives at Condé Nast were laid off, including chief business officer Eric Gillin and head of industry, entertainment, Bill Mulvihill, amid budget balancing efforts.
The layoffs are part of a strategy driven by chief revenue officer Elizabeth Herbst-Brady to address challenging commercial circumstances as digital advertising pressures continue to mount.
This round of cuts comes just over a year after Condé Nast previously laid off 270 employees, signaling ongoing challenges in the media and publishing sectors.
The layoffs have affected multiple areas, including GQ and the previously named Condé Nast Entertainment, suggesting a broad impact across the organization's operational framework.
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