Portfolio Rationalizes Their Job Departures

But what spin are Portfolio‘s higher-ups putting on the magazine’s near-legendary startup struggles?

That it’s not as bad as other magazines:

[David] Carey said a lot has been said in the media about the departures at Portfolio, but he claimed the eight staffers who’ve left during the past 18 months — out of about 90 total editorial staffers — represents the lowest attrition rate for a launch at Condé Nast.