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Condé Nast is making some lay-offs in its Portfolio.com website, leaving about 5 employees to the most, from 20. The cuts will start from next week till Christmas. The magazine will now be published 10 times a year, down by 2 issues, and will cut 5% of its editorial budget. Whereas the Men’s Vogue will be published twice an year, from 10 issues an year. The magazine had been shrinking down from some time now, and it’s not surprising to see this move.

[via Silicon Alley Insider]