American information website Axios laying of dozens of employees
American news internet site Axios is laying of dozens of humans, the employer introduced Tuesday.
Layoffs on the Arlington, Virginia-based company have been announced in an internal group of workers memo sent to personnel this week through CEO Jim VandeHei bringing up “a unexpectedly changing media landscape” for the layoffs,” Axios stated.
“Cuts announced Tuesday endorse the media enterprise’s battle to regain the marketing and subscription momentum lost at some point of the Biden era will persist for the foreseeable destiny,” Axios wrote.
It become not immediatly acknowledged what positions were being eliminated.
USA TODAY has reached out to Axios.
Jim VandeHei, Co-Founder of Politico and Axios, turned into a panel member discussing the issue “Defining and Interrogating Fake News and Ethics.” The corporation’s CEO introduced it was laying off 10% of its staff on Aug. 6, 2024.
Jim VandeHei, Co-Founder of Politico and Axios, turned into a panel member discussing the problem “Defining and Interrogating Fake News and Ethics.” The organisation’s CEO introduced it turned into laying off 10% of its personnel on Aug. 6, 2024.
“Media companies of the destiny can be leaner, greater stressful of strong point, extra vital to their target market and advertisers,” VandeHei wrote within the personnel memo acquired through the New York Times. “There might be no market for mediocrity, or well known, or first-rate-but-now not-important content or paintings.”
How many humans are being laid off at Axios?
The cutbacks affect about 10% of the agency’s personnel (50 humans), its outlet suggested, and mark the organisation’s “first big round of cuts” because it become founded in 2016 via VandeHei, Mike Allen, and Roy Schwartz − all ex-Politico reporters.
Layoffs for maximum employees are slated to begin Friday, the memo reads.
