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Axios Laying Off 50 Staffers, About 10% Of Workforce
Axios has laid off 50 staffers, about 10% of its staff, as the company pares down in an increasingly challenged news market.
“This is the most difficult moment for media in our lifetime,” the outlet’s chief executive, Jim VandeHei said in an email to employees obtained by Deadline. We will continue to hire in key areas but cannot ignore the changes around us.” Those include competition, shifting reader attention and behavior, and new rivals going after Axios’ core business and top talent. “Think of today’s announcement as tightening our focus on areas we feel confident we can dominate, scale and monetize.”
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