As part of the restructuring, the company will consolidate its print and online operations in Chicago, keeping a "small editorial and sales presence in New York," but it expects to sublet its existing office space and move some licensing, editorial and publishing positions to Chicago -- a move that is likely to lead to more layoffs. The company promoted Jimmy Jellinek, previously division senior vice president of digital content, to editorial director of combined print and online content. That appointment was first reported by The New York Post on Thursday. Jellinek, former editor in chief of Maxim, will report to Hugh Hefner and be based in Chicago. Chris Napolitano, former editorial director of the magazine, will now serve as editor at large based in New York, as family obligations have prevented Napolitano from making the move to the Windy City.