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LAYOFFS AT VALENTINO: Valentino downsized its New York office on Monday, diminishing its U.S. infrastructure for public relations and men’s wear. Director of communications Garine Zerounian, who oversaw U.S. communications for the Valentino brand as well as M Missoni, was laid off, leaving her responsibilities to Judy Bassaly, senior manager of marketing. Men’s sales director Paul Jacobsen and his assistant were laid off, as was a member of the store development team. (A store at Houston’s Galleria was just completed.) Calls to Valentino’s New York office were unanswered on Monday.