CMPMedica Reorganizes, Shutters Two Titles
Source: Nearly 30 people laid off.
Another United Business Media group has undergone a reorganization resulting in layoffs.
CMPMedica U.S. this week ceased print production of two monthly magazinesâ€”Infections in Medicine and the AIDS Readerâ€”resulting in an undisclosed number of layoffs. A spokesperson, who declined to say exactly how many employees were let go, attributed the cuts to the â€śindustry-wide decline in print advertising.â€ť She said the two magazines will continue to publish online.
A source familiar with the cuts told FOLIO: nearly 30 staffers lost their jobs.
â€śWeâ€™re seeing positive growth in our custom business, digital advertising as well as live events,â€ť the spokesperson said. â€śThis reorganization will allow us to better align our resources within the growing areas of our business.â€ť
Last week, UBMâ€™s TechWeb also reorganized, resulting in a number of layoffs as well as management changes.
London-based UBM has undergone numerous reorganizations over the last several months. In December, TechInsights announced a â€śleadership reorganizationâ€ť which resulted in the elimination of roughly 10 percent of its global workforce. It also reorganized East Windsor, New Jersey-based Commonwealth Business Media unitâ€”which publishes several magazines targeting the global trade and transportation marketâ€”into UBM Aviation and UBM Global Trade.
CMPMedica U.S. continues to publish 11 trade magazines, including Psychiatric Times, Physicians Practice and Diagnostic Imaging.
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