It's furloughing most of its staff, while others continue to work but with reduced salaries.
Author:Whitney BauckUpdated:Mar 26, 2020Original:Mar 26, 2020In the midst of a coronavirus-induced contraction in the economy, all kinds of fashion businesses are starting to falter. On Thursday, the New York Times reported that W Magazine would be going on hiatus and furloughing most of its staff.
The print side of the publication is being "postponed indefinitely," while online staffers are staying on — albeit with reduced salaries — to continue producing digital content under current editor-in-chief Sara Moonves. In addition to all this, last summer, W's former editor-in-chief Stefano Tonchi filed a lawsuit against Condé Nast's owner Advance, alleging that he was improperly denied severance and a bonus when W was sold.
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