Conde Nast Budget Cuts Begin with GQ Layoffs

WWD: GQ has laid off about seven staffers, as budget cuts are biting throughout Conde Nast. GQ did not comment on details of the situation, but noted that it will re-appropriate and shift some of the jobs that were cut, as it continues to build up its website. GQ is one of the first magazines to be affected by what is understood to be reductions at several titles at the parent company. It is rumored that Glamour will be next to face cuts.