Martha Stewart Living Omnimedia has laid off 40 employees, FishbowlNY has learned. An anomymous tipster says the layoffs took place Friday and include “many top tier” publishing personnel at its New York-based headquarters.
Martha Stewart Living Omnimedia is broken into four divisions: publishing, Internet, broadcasting platforms, and merchandising.
The company was founded by the multi-faceted Martha Stewart in 1997, and went public on the New York Stock Exchange in 1999.
Update: A source familiar with the situation tells FishbowlNY that the number of personnel cuts is “far south” of 40.