Medium Lays Off a Third of Its Staff in Pursuit of Its Vision

The digital publishing company Medium on Wednesday laid off 50 employees — a third of its staff — as part of a larger redefinition of its business model, its founder announced in a blog post.

The founder, Evan Williams, said the San Francisco-based company wanted to turn away from the ad-driven business model used by most online media companies and turn itself into what he called “a transformational product for curious humans.”

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