Dec
12
Layoffs Hit Martha Stewart Living Omnimedia
Posted in: UncategorizedOn the same day Martha Stewart appeared on MSNBC to talk holiday gift giving, a wave of layoffs began sweeping across her company Thursday, according to three people familiar with the matter.
The cuts at Martha Stewart Living Omnimedia are said to affect about 100 staffers, one person close to the matter said, or about one-third of the company’s workforce.
MSLO owns Martha Stewart Living magazine and Martha Stewart Weddings magazines and licenses its founder’s name to products sold in Macy’s, among other businesses, but its media empire is reduced from its heyday. A spokeswoman for MSLO declined to comment. The New York Post first reported the impending layoffs Thursday morning.
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