Hanley Wood Lays Off Staff and Cuts Salaries, Citing COVID-19 Decline

Hanley Wood, the D.C.-based B2B media company serving the real estate, residential design and construction sectors, laid off several employees last week and implemented salary reductions for others, multiple sources tell Folio:. A Hanley Wood rep declined to provide details, but confirmed the layoffs and pay cuts in a statement, pointing to the COVID-19 pandemic as the reason for the changes. “Due to impacts of COVID-19 on our business, we had to make the very difficult decision of implementing cost-cutting measures, including reducing our workforce and conducting salary reductions for some of our top earners," the spokesperson said. "This is a necessary step many businesses are facing during this uncertain economic climate.” A source in the company said the cuts impacted editorial, marketing and events staffers, but couldn't say how many people were let go altogether. Two other sources familiar with the situation both said 40 total employees were laid off. Among those let go was the longtime editor-in-chief of Architect magazine, Ned Cramer, who had been in that role since Hanley Wood first launched the publication in 2006. The cuts come a little over a year after private equity firm MidOcean Partners acquired Hanley Wood and merged it with housing industry data provider Meyers Research, a move that coincided with the departure of former Hanley Wood CEO Peter Goldstone. Since then, Meyers Research founder Jeff Meyers has been running the combined Hanley Wood/Meyers... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-05-19 13:43:21 UTC ]
News tagged with: #multiple sources #provide details #difficult decision #sources familiar #longtime editor-in-chief #b2b media #ll update #informa plc

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Annie Bell | 'Cutting down on waste is an area where we can all contribute as consumers'

Last spring, Pan Macmillan announced the creation of One Boat, a new sustainability imprint from the team behind Bluebird. Its name references the power of “one—the idea that one person can make a significant impact; and that one changed habit can make a big difference”. Continue reading at The Bookseller

[ The Bookseller | 2020-11-01 23:08:18 UTC ]
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Covid diaries: the education entrepreneur

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[ The Bookseller | 2020-10-30 05:53:01 UTC ]
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How to Make a Children’s Book Museum COVID-Compliant

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[ Book Riot | 2020-10-28 10:36:00 UTC ]
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Unit Sales Declined 5.1% Last Week

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[ Publishers Weekly | 2020-10-28 04:00:00 UTC ]
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Experts Say Covid Will Change Book Shopping Patterns Forever

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[ Publishers Weekly | 2020-10-28 04:00:00 UTC ]
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Harry Potter publisher says Covid has weaved magic over book sales

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[ The Guardian | 2020-10-27 12:22:12 UTC ]
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[ Fast Company | 2020-10-27 07:00:15 UTC ]
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[ AdWeek | 2020-10-19 20:06:41 UTC ]
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A Cut Cable Knocked Out Virginia's Voter Registration Site

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[ Publishers Weekly | 2020-10-16 04:00:00 UTC ]
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[ Publishers Weekly | 2020-10-16 04:00:00 UTC ]
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Scribner scoops 'Covid-Age' Decameron

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