Have you been laid off from your job? Here are some financial tips to consider.
Employees are often caught off guard when layoffs happen, but these tips may help if you’re in that situation.
USA Today
American news site Axios The company announced Tuesday that it is laying off dozens of employees.
The layoffs at the Arlington, Virginia-based company were announced in an internal memo to employees sent by the CEO this week. Jim Vandehe Citing the “rapidly changing media landscape” for layoffs, Axios reported.
“The cuts announced Tuesday suggest that the media industry’s struggle to regain the advertising and subscription momentum it lost during the Biden era will continue for the foreseeable future,” Axios wrote.
It was not immediately known which positions were eliminated.
The layoffs have affected the entire company, including the newsroom, Emily Falcone, senior communications director, told USA TODAY.
“Media companies of the future will be more agile, more demanding of excellence, and more critical to their audiences and advertisers,” VandeHei wrote in a staff memo obtained by The Verge. New York times“There will be no market for poor, well-known, or good but not necessary content or work.”
How many people have been laid off at Axios?
The cuts affect about 10% of the company’s staff (50 people), its media outlets reported, and represent the company’s “first major round of cuts” since it was founded in 2016 by VandeHei, Mike Allen and Roy Schwartz — all former executives.Politico Journalists.
Most layoffs are scheduled to begin Friday, according to the memo.
Natalie Nessa Alund is a senior reporter for USA TODAY. You can reach her at [email protected] and follow her on Twitter @nataliealund.
More Stories
US Justice Department Sues RealPage, Alleging It Enabled Rental Price Fixing
Powell in Jackson Hole: Fed to start cutting rates soon
Cava reports big earnings as steak launch and sales growth push stock to all-time high