Condé Nast: Cond Nast Undergoes New Round of Layoffs

Condé Nast is once again cutting staff and making changes to its portfolio of publications at a challenging moment for major media companies. Layoffs were underway on Thursday at the publishing giant, The Hollywood Reporter has learned, with the total number of cuts not yet clear. So far, the crown jewel in Condé's portfolio - The New Yorker - has not been affected. More from The Hollywood Reporter As part of the changes, Allure 's editor-in-chief Jessica Cruel will take over the reins of Self magazine, while current Self editor-in-chief Rachel Wilkerson Miller will depart in February. New positions are expected to open up in areas of the business next year that are considered promising, keeping the global headcount the same in 2025 as it was this year, according to a source familiar with the plans. THR has reached out to Condé Nast's union for comment. Condé CEO Roger Lynch has been undertaking significant changes to the company. Earlier this year it folded Pitchfork into GQ , and a year ago the company cut hundreds of jobs as it sought to adapt to the new media environment. In August, the company struck a multiyear deal with OpenAI, allowing stories from Vogue , The New Yorker , Vanity Fair and other titles to be ingested for use in OpenAI tools like ChatGPT and a prototype of SearchGPT, which directly links to news sites. Lynch told staff in a memo that the deal would help shore up revenue after "many technology companies eroded publishers' ability to monetize content, most recently with traditional search." The deal would allow the company to "continue to protect and invest in our journalism and creative endeavors," Lynch added. As part of Condé Nast's hard-fought first contract deal with a union covering staffers at many of its titles - including Vanity Fair, Vogue, GQ , Bon Appétit , Allure, Architectural Digest, Condé Nast Traveler, Epicurious, Glamour, Teen Vogue and Self - the company agreed to a moratorium on layoffs until July 31, 2024. Best of The Hollywood Reporter