The online business of Wired magazine has laid off a quarter of its staff, according to reports.
The business, owned by CondéNet, is one of a number of web titles to flinch as a result of across-the-board cuts at the firm.
But the fact Wired has been severely affected perhaps perfectly illustrates the downturn the IT industry is going through.
According to reports, 25% of Wired.com's San Francisco staff have been laid off. As part of the cull, 10% of the editorial roles are said to have been cut with the majority of layoffs coming from tech roles.
CondéNet said of the cuts, "Visibility for 2009 is very limited and we are adjusting all costs to prepare for slower revenue growth. The adjustments are across the board and include staff restructuring and some reduction.
"These moves will put the company in a stronger position to handle a challenging year ahead and for the business to benefit when the economy and the ad market start to rebound."
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