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Magazine publisher Bonnier has laid off 70 people in the U.S. — 17 percent of its workforce

Bonnier is also shuttering five magazines.

Screengrab from Bonniercorp.com

Bonnier, the Swedish publishing conglomerate, has laid off 70 people from its U.S. group. That represents about 17 percent* of the company’s American workforce.

The publisher is also shuttering five magazines.

In the U.S., Bonnier is known for speciality magazine titles like Popular Science and Field & Stream. Bonnier PR rep Perri Dorset said the cuts are part of a “company wide realignment,” and that the publisher is also closing WaterSki, Wakeboarding, Sport Diver, Baggers and Dirt Rider.

Bonnier now has about 350 employees in the U.S., Dorset said.

* An earlier version of this story misstated the percentage of Bonnier employees affected by the layoffs.


This article originally appeared on Recode.net.

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