Key Media, the Toronto-based publisher of real estate publications, has cut more than a third of its global workforce amid the coronavirus pandemic.
Josh Rubin of the Toronto Star reports, “This week, the publishing and conference company issued severance notices to 70 people, in offices as widespread as Canada, the U.S., U.K., Singapore and Australia.
“Before the wave of cuts, the company employed almost 200 people in eight offices
“One employee who received a severance notice said they’d been told by a Key executive that the biggest reason for the cuts was that the company’s conference business had dried up almost all at once, because of the global COVID-19 pandemic.”
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