W Magazine has needed to furlough staff amid the coronavirus pandemic.
NY Division of Labor data mirror that its father or mother firm, Future Media Group, has laid off 17 out of 58 staff.
“The aim is to welcome again staff quickly,” mentioned an insider of the short-term cuts. A media supply informed us the magazine’s digital crew continues to be on staff, however will likely be working with a lowered wage and that the Website will nonetheless be up-and-running.
Future Media purchased the posh magazine, which launched in 1972, from Condé Nast final June. Sara Moonves changed Stefano Tonchi as editor-in-chief. Future Media additionally owns Floor journal and Watch Journal.