Arizent, the parent company of business publications such as American Banker and Bond Buyer, laid off 27 staffers at the end of last week, multiple sources confirmed to Talking Biz News.
The cuts bring its headcount to 206, so it essentially cut 11.5% of its staff.
The cuts were across the board from editorial, to conference programmers, sales staffers, and general office support roles. Among the editorial staffers cut was Charles Paikert, a senior editor at Financial Planning.
There was an all-hands meeting Friday after the layoffs were done. Public relations representatives for the company declined to comment.
In February, Arizent closed two publications — Health Data Management and Information Management. The company changed its name from Source Media in January.
