The Economist Group will fire 90 non-editorial employees and shut down the print edition of its lifestyle magazine 1843. The magazine will become digital-only, executives said Friday.
“We have made the difficult decision to restructure and reduce roles in the parts of our business most affected by Covid-19,” Lauren Hackett, svp, global communications for The Economist Group told Adweek in a statement. “Each one of our departing colleagues has been instrumental in helping us build the business we have today and leaves with our heartfelt thanks and our promise to build on the legacy they leave behind.”
The layoffs represent a nearly 7% decrease in staff from The Economist Group’s previous 1,300-person workforce.
Editorial staffers have not been affected by the layoffs.
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