Roughly 120 Hearst staffers opt for buyouts, sources say

The voluntary buyout offers Hearst Magazines extended to 600 employees in its sales, marketing and ad side has resulted in close to 120 staffers raising their hands, sources tell Media Ink.

That amounts to over 5 percent of the division’s 2,200 person workforce in a magazine group that oversees glossies like Cosmopolitan, Esquire, Harper’s Bazaar, Elle and the digital ad agency iCrossing. (Hearst Magazines also includes the Des Moines, Iowa-based distribution company CDS, but none of its 1,100 employees were eligible for the buyouts.)