LOGIN
THE CUTS GO ON: American Express Publishing became the latest to suffer from the economic downturn, saying Wednesday that it was cutting 22 jobs, or 5 percent of its workforce. “Due to a number of factors that our company and industry face — a decline in ad spending, increased prices for postage, paper and ink, and changing media consumption habits — I have determined that we must streamline and restructure functions to better prepare our organization to meet these business challenges,” chief executive officer Ed Kelly wrote in an e-mail to staff. The layoffs were said to be spread fairly evenly over the editorial and business sides, and among them was Lisa Gabor, who was editing Black Ink, the magazine for American Express Centurion cardholders. She’ll remain a contributor on special projects at Departures. Year to date through November, Travel + Leisure’s ad pages are down 5.4 percent and Food & Wine’s are down 6.6 percent. Through September, Departures was down 5.6 percent.
— Irin Carmon
* Required