As the media outlet adapts to a shifting industry landscape, Axios is enacting layoffs, impacting around 50 staffers, CEO Jim VandeHei announced in an internal memo on Tuesday.
In the Axios signature “Smart Brevity” writing model, VandeHei informed the workforce that the outlet would be eliminating 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 wrote. “We’re making some difficult changes to adapt fast to a rapidly changing media landscape.”
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