×
98 747
Fashion Jobs
SALLY BEAUTY CORPORATE
Warehouse Supervisor
Permanent · Justin
MARSHALLS
lp Detective
Permanent · Durham
KOHLS
Full-Time Loss Prevention Officer
Permanent · Elk Grove
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Huntsville
NORDSTROM
Asset Protection - Agent - Winter Park Square Rack
Permanent · Winter Park
NORDSTROM
Asset Protection - Agent - Millennia Crossing Rack
Permanent · Orlando
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Daytona Beach
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Folsom
ULTA BEAUTY, INC.
General Manager
Permanent · Boise
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Gresham
ROSS STORES
Store Protection Specialist
Permanent · Greenbelt
NORDSTROM
Asset Protection - Agent - Fashion Valley
Permanent · San Diego
NORDSTROM
Asset Protection - Agent - Northern Cal Distribution Center
Permanent · Newark
KOHLS
Senior Product Manager
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Greenville
MACY'S
Asset Protection Detective, Tacoma - Full Time
Permanent · Tacoma
MACY'S
Asset Protection Detective, Oxford Valley - Full Time
Permanent · Langhorne
MACY'S
Asset Protection Detective, Fairlane Town Center - Full Time
Permanent · Dearborn
MACY'S
Asset Protection Detective, University Park Mall - Part Time
Permanent · Mishawaka
MACY'S
Asset Protection Detective, Ridgedale - Flex
Permanent · Minnetonka
MACY'S
Buyer
Permanent · New York
MACY'S
Asset Protection Detective, Center City - Full Time
Permanent · Philadelphia
Published
Mar 31, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

W Magazine furloughs majority of staff, suspends print

Published
Mar 31, 2020

Future Media Group's W Magazine has gone on hiatus and furloughed the majority of its staff, as the novel coronavirus's impact on the global economy causes businesses to rethink their strategies. 


Instagram @wmag


Originally reported by the New York Times, the magazine announced that its print edition would be postponed indefinitely last week, and those who work on the magazine's online edition will continue to work with reduced salaries. 

According to the Times, W Magazine's editor, Sara Moonves, called her staff to tell them that many were being furloughed last Monday. 

In an interview with the newspaper, Marc Lotenberg, chief executive of W's parent company Future Media Group, said that "the bottom has dropped out of the luxury market" and the magazine's dramatic cuts are the result. 

The Covid-19 outbreak has delivered a particularly hard blow to the magazine, following years of instability in a changing media world. After being up for sale for nearly a year, W was sold to Future Media Group by Condé Nast in June 2019. At the time of the sale, Moonves was promoted from her role as the magazine's style director to editor-in-chief, replacing longtime editor-in-chief, Stefano Tonchi.

Tonchi would go on to file a $1 million lawsuit against Advance Publications, the owner of Condé Nast, alleging that he was wrongfully terminated and denied severance. Advance would later contest these claims, while making counter claims that Tonchi obstructed the sale process multiple times. 

In addition to W, Future Media's portfolio includes Surface Magazine and Watch Journal. FashionNetwork.com reached out to the company for comment, but has yet to receive a response. 

Copyright © 2021 FashionNetwork.com All rights reserved.