Portfolio.com Also Being Severely Scaled Back?

This must have been what it felt like to work on Wall St. a few weeks ago. After announcing company wide cutbacks this morning, followed by news that both Men’s Vogue and Portfolio were going to be scaled back there are rumors that Conde Nast is going to cut the portfolio.com website down to virtually nil. Peter Kafka at Media Memo is reporting that the website staff of roughly two dozen will be cut down to as little as three and that the decisions as to who will go and who will stay will be made over the next few days.

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