Women’s Health Australia and Men’s Health Australia magazines have informed their staff the publications will shutdown.
It is the latest in a series of job cuts hitting the media and tech industries as companies confront a looming economic crisis.
NCA NewsWire understands both Women’s Health and Men’s Health magazines – owned by Sydney-based B-2-B publishing house Paragon Media – are due to be shutdown.
A source told NCA NewsWire staff at the two major lifestyle mastheads were shocked when the news was broken to them on Monday morning.
It is understood that the entire staff of 12 will be impacted.
The team have been offered their leave entitlements, with most staff receiving just two week’s notice.
It is a major blow for staff after Paragon Media purchased the two lifestyle brands in December 2020 promising to “recharge the iconic brands”.
Former editors, Jacqui Mooney and Scott Henderson returned to the publication after the magazines were wiped out with six other magazines owned by Bauer Media Australia during the COVID-19 pandemic.
Harper’s BAZAAR, ELLE, InStyle, Men’s Health, Women’s Health, Good Health, NW and OK! were all shutdown in July 2020.
NCA NewsWire has contacted Paragon Media for comment.
