We hear that Glam Media, the women-centric publishing network which has been beefing up its staff and expanding throughout the past year, is laying off 14 of its 200 employees — about 7% of its work force. The cuts are focused on the company’s sales and marketing group.
Valleywag, which first reported the layoffs, suggests that this bodes poorly for Samir Arora and his company, seeing as the ad market slowdown is now hitting the Web as well. The counter-spin: Glam had a round of cuts at the end of last year, too, so this isn’t unprecedented. And internally the company says it is still notching significant revenue growth and plans to be EBITDA-positive by the end of the year.
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