BusinessWeek Reorganizes, Cuts Staff
Dozen layoffs follow integration of print and Web teams.
BusinessWeek is combining its print and digital staff to create a single editorial operation. The move is designed to better integrate its print and Web products, the company said. As part of the reorganization, as many as a dozen business and editorial staff members will be laid off.
In an internal memo distributed to the staff on Wednesday, BusinessWeek editor Stephen Adler appointed eight â€śchiefâ€ť editors to oversee coverage areas for both print and online and a pair of managing editorsâ€”on print, one onlineâ€”to â€śpreserve the highest possible quality as we produce each product.â€ť
â€śUnfortunately, in connection with the reorganization, a small number of our editorial colleagues will be leaving BusinessWeek,â€ť Adler wrote. â€śItâ€™s exceedingly difficult to part with valued co-workers, and decisions to eliminate positions arenâ€™t made lightly.â€ť
Oddly, the reorganization comes at an otherwise fruitful time for BusinessWeek. According to Adler, magazine readership is up three percent; newsstand sales are up 25 percent â€śwhile most of our competitors were down or flatâ€ť; and BusinessWeek.com set a record with 64.7 million page views in November.
The magazine also recently completed a successful redesign.