Hanley Wood eliminates 19 jobs as part of digital-first transition
Washington, D.C.—Hanley Wood last week laid off 19 employees as part of its transition from a print-based operation to one focused on digital media and business intelligence.
The positions represented editorial staff and other functions but all were tied to print operations, said Hanley Wood CEO Peter Goldstone. However, the current portfolio of print magazines will continue to be published, with no changes in frequency, he added.
The company added a net 70 jobs in the past year, Goldstone said, adding that it cut “brand-level resources” so it could increase the size of its centralized news and curation bureau, to 10 people from four. The bureau was introduced last year to aggregate and redistribute news items to the company's 30 media brands.