Layoffs hit Martha Stewart Living Omnimedia

Nearly 50 employees got the axe when layoffs hit Martha Stewart Living Omnimedia on Wednesday, only a week after CEO Lisa Gersh left to head up Gwyneth Paltrow's rival lifestyle brand, Goop, accordingto AOL Jobs.

Some workers may transfer to Meredith Corp., which is taking over some of MSLO's marketing-related projects.

Competition between Stewart and Paltrow has taken a couple of vicious turns in the media, with Stewart naming a pie recipe "Conscious Coupling" in reference to the star's split with Chris Martin.

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