Friday, June 06, 2008

Now it's Penton's turn -- more layoffs in B2B

I don't have much in the way of details ... but it appears that there have been layoffs at Penton.

According to a comment on a post from yesterday about layoffs, 42 people at Penton have been let go. If true, the firings come two months after CEO John French announced a hiring freeze and asked company managers to reforecast all revenue and expenses for 2008.

I'll be checking Folio for news on the situation. And I'll see what, if any, details I can pick up myself in the next hour or so before I have to head to a meeting.

Update: Folio confirms that 42 people have been laid off.

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6 comments:

Anonymous said...

Do you know which offices/publications were affected?

Paul Conley said...

Sorry, I don't have any details. I heard that there were layoffs in both NYC and Cleveland. But I don't know more than that.
Perhaps a reader with some details will post a comment.

Anonymous said...

I was one of the 42. My department represented less than 1% of employees, but 10% of the layoffs (it was cut in half). There were layoffs I know of in Atlanta, Minneapolis and Overland Park in addition to NY and Cleveland. 8 of the layoffs were from the custom media division.

necktraction said...

sorry to hear you were laid off. it's not easy to find a jpb in our field atm, but I wish you all the best

Anonymous said...

Penton just did more layoffs last week and not just support staff, but many sales people.

Anonymous said...

Looking for confirmation on the Penton layoffs. I heard at least one chief editor also got laid off, from HPAC Engineering.