We all knew the cuts at Condé Nast were coming but nobody expected that they would affect those in senior positions. As a result of the aim to reduce budgets across the board by 25%, Condé Nast boses have put pressure on editors and publishers to cut back on costs in whatever way they see fit.

Result? This week, the layoffs at the publishing house were revealed and Style.com's Executive Fashion Director Candy Pratts Price was one of the ones to go. Accordig to sources, her contract will not be renewed when it expires at the beginning of next year. However, reports claim that she will keep her position as a contributing editor at Vogue.

Glamour has reportedly let a least 12 people go including deputy editor Ellen Seidman and production director Paul Karmer.