Dum-duh-dum-dum … More carnage to come at Conde Naste?

Even though it just axed the $120 million Portfolio magazine, Conde Naste employees remain anxious about their fates, according to reports in the New York Post . Employees at Vogue , Vanity Fair , GQ , Glamour and other big titles from Conde Naste have mostly escaped the five percent pay cuts. The success of their September issues—the magazine equivalent to Black Friday in the retailer world—might change all of that. “A bad September will mean they will be forced to take the ax to their…