Substack lays off 13 employees, roughly 14% of company

Posted Wednesday, June 29, 2022 3:59 pm

Sara Fischer | Axios

Substack is laying off 13 people, around 14% of the company, according to a note sent to employees Wednesday by the company’s co-founder and CEO Chris Best obtained by Axios.

Why it matters: The company is trying to reach profitability without having to rely on fundraising amid a weak economy.

Click here to read more.

Comments

No comments on this item Please log in to comment by clicking here

Scroll the Latest Job Opportunities From The Media Job Board

E&P Exclusives

Exploring Temple University Klein College of Media and Communication

Although media and journalism may seem to be endangered species, they are critical to revealing the truth, supporting democratic principles and creating more enlightened voters. In the many excellent collegiate media and journalism programs nationwide, the next generation is preparing to step forward to support those principles at Temple's Klein College of Media

Detroit Public TV rebrands as Detroit PBS, announces return to Detroit location

In a move signaling a “renewed commitment to the heart of its community,” Detroit Public TV announced its relocation back to the city of Detroit and a rebranding as Detroit PBS. This significant shift underscores the organization's dedication to serving Southeast Michigan with unparalleled quality, trust, and fairness in media.

Read E&P Exlcusives

Latest (Proudly Printed) Magazine

#NewsPeople on the move

Veteran news executive Sean McLaughlin joins Graham Media Group

Graham Media Group, the local media division of Graham Holdings Company (NYSE: GHC), announced today that Sean McLaughlin has been named Vice President of News for the company's local media hubs. …

The New York Times announces a promotion for Joe Ward on Graphics

Joe Ward, an invaluable leader for visuals across social media, becomes senior staff editor.

See more NewsPeople

Latest E&P Sponsored Case Studies

How to Sell Digital Advertising in 30 Minutes

Hyperlocal news publisher and creator of Broadstreet Kenny Katzgrau teamed up with Montclair Local's Annette Batson to deliver a highly polished and tactical webinar on achieving same-day closes with digital advertisers.

These publishers are using digital signage to grow audience & revenue. (3 Case studies)

Watch this "E&P Reports" Sponsored Webinar revealing how these three news publishers are taking advantage of the new, growing, impactful media of digital signage, to reach new readers and drive new revenue.

Substack lays off 13 employees, roughly 14% of company

Comments

E&P Launches "Public Pulse" for public media executives

Union settles extended strike with Pittsburgh newspaper, while journalists, other unions remain out

From a tiny island in Maine, he serves up fresh media gossip

Mega-Conference brings industry executives together to share strategies for meeting the challenges of today

Exploring Temple University Klein College of Media and Communication

CalMatters seeks out overlooked diverse voices

Detroit Public TV rebrands as Detroit PBS, announces return to Detroit location

Lenfest launches Local News Infrastructure Fund, $7.25M to boost newsroom technology