Today has been rough. We laid off 12 people, representing just under 10 percent of our total workforce (including D Magazine, D Home, D CEO, D Weddings, D Beauty, and People Newspapers). This time, the layoffs came from the magazine side of the operation; the newspapers were not affected.
When we retrenched in November, we made our cuts based on what we thought at the time was a fairly pessimistic view of how the economy would hold up in 2009. Reality has proven that we were actually not pessimistic enough. As our comrades at the Dallas Morning News and Star-Telegram will attest, these are challenging times for publishers. And bankers. And, well, everyone.