Hearst Shakes Things Up with Layoffs & Reorganizations Design News 6.2.2011

Lots of reorganizations are taking place within the shelter magazine brands. Women's Wear Daily reports: "The ink was barely dry on the deal between Hearst and Lagardère before... the layoffs began. Patricia Haegele, senior vice president, publisher and chief revenue officer of Good Housekeeping, was named publishing director and Kate Kelly Smith, vice president, publisher and chief revenue officer of House Beautiful, was promoted to senior vice president and publishing director... Kelly Smith will manage the publishing side of Elle Decor and Veranda in addition to her current responsibilities."

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Massive Unemployment: Mass Layoffs November 2010

The November release of the Bureau of Labor Statistics (BLS) Mass Layoff Report indicated a continued decline in large-scale layoffs with 1586 mass layoff events resulting in 152,816 initial unemployment claimants on a seasonally adjusted basis.

The BLS considers a mass layoff event to be a condition where there are at least fifty initial claims for unemployment insurance originating from a single employer over a period of five consecutive weeks.

Labels: economy, mass layoffs, unemployment

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