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  • Martha Stewart to Axe up to 50 Staff One Week after Losing her CEO to Bitter Rival Gwyneth ....

    10/16/2014 3:36:54 PM PDT · by Cecily · 24 replies
    Daily Mail (U.K.) ^ | October 16, 2014 | Khaleda Rahman
    Martha Stewart is recovering from the loss of her CEO to rival Gwyneth Paltrow by axing up to 50 employees. The cuts will hit the sales and marketing departments at Martha Stewart Omnimedia hardest while some workers will be moved to Meredith Corporation. Last week, the 73-year-old's former CEO Lisa Gersh was hired by Paltrow's lifestyle company GOOP, which is currently engaged in a vicious media war with Martha's brand. But staffers were shocked to find out the news because the layoffs had been such a well-kept secret, a source told the New York Daily News. It's not the first...