The Beat has confirmed that Diamond laid off 13 employees yesterday, including the managing editor and designer for the recently canceled Diamond Dialog magazine. In addition to the layoffs, wages for management and other staff were reduced. According to a letter sent to staff by COO Chuck Parker, the cost cuts were a result of the generally poor economy and a four percent decline in sales in 2008.
While these layoffs are confirmed, rumblings of layoffs at DC are rampant this morning. We’ll have details as they emerge.