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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On Publishing My Memoir of Grief As My Father Lays Dying

“My job as a parent isn’t over until your book gets published,” my father said, years ago. I don’t remember the circumstances of this statement—where we were, what we were doing. I want to say it had something to do with his body, maybe the deterioration of his lungs to COPD, his breathing so... Continue reading at Literrary Hub

[ Literrary Hub | 2024-03-27 08:54:34 UTC ]
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Deals of the Day: March 19

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How 19 years of Amazon Prime has satisfied our need for speed

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Apple’s Latest ‘Shot on iPhone’ Film Is a 19-Minute Manga Adaptation

Apple turned to Japanese genre manga as inspiration for an epic installment of its long-running and celebrated "Shot on iPhone" campaign. The 19-minute film, "Midnight," by agency TBWA\Media Arts Lab Tokyo, is based on a 1986 manga series by Osamu Tezuka. The story... Continue reading at AdWeek

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U.K. Publishing Spotlight: How Covid Fostered DK's Transatlantic Collaboration

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Lit Hub Daily: February 19, 2024

Kate Sidley on writing in the aftermath of a home robbery: “When bad things happen, they happen off-page, out of sight, and with a certain delicacy.” | Lit Hub Memoir Lockdown may be over, but what did it to to our collective sense of balance? How the pandemic ruined our understanding of “free”... Continue reading at Literrary Hub

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ABC warns staff of agenda-driven criticism after News Corp pounces on Aboriginal land comment | The Weekly Beast

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Two novelists have cut ties with PEN over its Mayim Bialik event and Gaza silence.

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Audible reportedly lays off over 100 employees

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Colm Tóibín! Geraldine Brooks! A guide to killing time! 19 books out in paperback this January.

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After Outcry, Scholastic Lays the Groundwork for Its Spring Book Fairs

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