Report: massive layoffs at Martha Stewart Living - DC News FOX 5 DC WTTG

Report: massive layoffs at Martha Stewart Living

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Martha Stewart (MyFoxNY/File) Martha Stewart (MyFoxNY/File)
NEW YORK (MYFOXNY) - Martha Stewart Living Omnimedia is reportedly undergoing a major pre-Christmas layoff binge. The New York Post reported that up to 100 staff members—or about 25 percent of the company’s workforce—were expected to be axed today.

One staffer described the current office atmosphere as “really awful.”

They also said that, “It’s really scary and terrible right before the holidays.”

The layoffs are reported to hit the flagship Martha Stewart Living magazine especially hard amid speculation that the company is planning to deemphasize its media arm as it focuses more on licensing and products.

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