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CONDENET LAYS OFF 22% OF WORKFORCE

Latest in Series of Conde Nast Cutbacks

By Published on .

NEW YORK (AdAge.com) -- CondeNet, the Internet arm of magazine giant Conde Nast Publications, today laid off 25 of its 114 employees -- or about 22% of its workforce.

The move follows a string of cutbacks at Conde Nast, which in recent weeks laid off about nine staffers from its database unit and shuttered its fledgling Image Center, which was to sell photos from the company's extensive archives.

In September, the company closed flagging young woman's title Mademoiselle. In late August, Conde Nast's sibling Fairchild Publications indefinitely postponed its ambitious plans for an online version of Women's Wear Daily, wwd.com, which was to have a yearly subscription fee of $895.

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