Bonnier, the Swedish publishing conglomerate, has laid off 70 people from its U.S. group. That represents about 17 percent* of the company’s American workforce.
Magazine publisher Bonnier has laid off 70 people in the U.S. — 17 percent of its workforce
Bonnier is also shuttering five magazines.
Screengrab from Bonniercorp.com
Peter Kafka covered media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.
The publisher is also shuttering five magazines.
In the U.S., Bonnier is known for speciality magazine titles like Popular Science and Field & Stream. Bonnier PR rep Perri Dorset said the cuts are part of a “company wide realignment,” and that the publisher is also closing WaterSki, Wakeboarding, Sport Diver, Baggers and Dirt Rider.
Bonnier now has about 350 employees in the U.S., Dorset said.
* An earlier version of this story misstated the percentage of Bonnier employees affected by the layoffs.
This article originally appeared on Recode.net.
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