Conde Nast criticised for ‘heartless’ lay-offs

Conde Nast criticised for ‘heartless’ lay-offs

THE WHAT? Conde Nast may have bid farewell to its iconic London office with an epic party but over in the US, employees have criticised the publisher’s approach to goodbyes; the company has been accused of lacking empathy as it announced a series of lay offs.

THE DETAILS According to a report published by Cityam, the Vogue owner has been dubbed ‘Conde Nasty’ with Anna Wintour allegedly wearing sunglasses during redundancy meetings and some 400 union members staging a 24-hour strike to protest against the company’s approach to cost-cutting.

THE WHY? Conde Nast is going through a major restructure in a bid to reverse declining profits.

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