The Axios CEO cited the need to make “difficult changes” to adapt to the changing climate in a memo to staffers.
News site Axios is slashing roughly 50 jobs amid volatility in the media landscape, Axios co-founder and Chief Executive Jim VandeHei said Tuesday.
“We’re making some difficult changes to adapt fast to a rapidly changing media landscape,” he said. “We’re eliminating about 50 positions to get ahead of tectonic shifts in the media, technology and reader needs/ habits. This is a painful but necessary move to tighten our strategic focus and shift investment to our core growth areas.”VandeHei said impacted employees would be notified about severance packages, adding that most pink-slipped staffers will depart the company on Friday.
The exec, who launched Axios with fellow former Politico journalists Mike Allen and Roy Schwartz in 2016, expressed sadness about the layoffs and took responsibility for the upheaval, saying: “The right way to handle this is forthrightly and transparently.”“This isn’t a reflection on anyone’s work — it’s because of changes in the media business. If you’re understandably upset by the decision, please direct your frustration at me.
Serena Williams’ ex-coach tells French pole vaulter Anthony Ammirati to ‘call a drag queen’ to learn how to ‘tuck’ his bulge
Business Axios Digital Media Layoffs
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How GM CEO Mary Barra, IBM former CEO Ginni Rometty learned to be women leadersMary Barra and Ginni Rometty discuss being female role models in business with CNBC's Leslie Picker at the inaugural CNBC CEO Council: Leaders' Library.
Read more »
How GM CEO Mary Barra, IBM former CEO Ginny Rometty learned to be women leadersMary Barra and Ginny Rometty discuss being female role models in business with CNBC's Leslie Picker at the inaugural CNBC CEO Council: Leaders' Library.
Read more »
How GM CEO Mary Barra, IBM former CEO Ginny Rometty learned to be ‘women' leaders Mary Barra and Ginny Rometty discuss being female role models in business with CNBC’s Leslie Picker at the inaugural CNBC CEO Council: Leaders’…
Read more »
Elon Musk Reacts to Sam Altman Driving $2M Sports CarThe Tesla CEO continued his feud with the OpenAI CEO on social media.
Read more »
Netanyahu annoyed by Harris's ceasefire comments after meeting, Axios reportsIsraeli Prime Minister Benjamin Netanyahu and Vice President Kamala Harris met for 40 minutes Thursday.
Read more »
Axios claims Harris 'never actually had' border czar title, contradicting own reportingAxios updated its article Wednesday to clarify it 'incorrectly' labeled VP Kamala Harris as such in 2021.
Read more »