Conde Nast: 'Should Have Cut Back 20 Percent'
The signs of Conde Nast’s empire cracking have been leaking out for months now. The five percent cuts. The lack of a Web strategy. The shuttering of Flip.com and Domino. Layoffs. Struggles at The New Yorker. And so on.
But in today’s New York Post, Keith Kelly takes a hard look at the reality of publishing’s most glamorous house and the picture isn’t pretty.
“They are overstaffed and overpaid,” Kelly quotes one former Conde employee as saying.
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