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Massive Layoffs At Vibe

Nat Ives of Ad Age confirms what we heard was slated to go down at 1 PM today: Twenty or so staffers of Vibe fired by the new management.

On July 5 the private equity firm The Wicks Group announced it was buying Vibe. Since then, there?? been two rounds of layoffs. Last week, editor Mimi Valdes was apparently let go on a day she was not even in the office, and five other top staffers were also shown the door.

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