Axios lays off 10% of total staff

On Tuesday, Axios announced that it would be laying off around 50 employees.

This equates to roughly 10 percent of the news company's staff.

In a memo sent to employees, obtained by The Washington Post's Katie Robertson, Axios CEO Jim VandeHei said the company was making "Some difficult changes to adapt fast to a rapidly changing media landscape." "We're eliminating around 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," he wrote.

"We wanted to tell each of you in person first, but the mechanics of that proved infeasible."

https://thepostmillennial.com/breaking-axios-lays-off-10-of-total-staff?utm_campaign=64470