RD Recap: Layoffs Coming to Bloomberg; New Hires at InStyle

It sounds like Bloomberg is going to lose about 100 editorial employees to layoffs in the near future, with the politics and government teams in New York and Washington expected to be the biggest losers. Your pull quote: “the layoffs… signal the definitive end to Bloomberg’s long-held ambition of becoming a dominant player in Washington and political media.” The 100-job figure is less than five percent of the total editorial operation, which isn’t a huge number, but is still a blow to the organization that’s reeling from a collective morale deficiency.