Posted on 08/06/2024 1:59:03 PM PDT by Impala64ssa
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.
He said the decision to layoff staff came "because of changes in the media business."
"As I've said before, this is the most difficult moment for media in our lifetime. Only those who move fast — and make difficult, decisive moves — will thrive," he said, adding that the company will "continue to fire in key areas" but they "cannot ignore the changes around us" that include a shift in reader attention and behavior, AI "pushing us to a technological inflection point where models can summarize news, at the same time Facebook, X and search are faltering as reliable traffic standbys," and "New rivals are emerging to go after our core business and out top talent."
"Yes, we’re doing better than others in our competitive set — by growing readership, rapidly expanding events and high-end subscriptions, and cranking out vital content for a demanding audience," VandeHei wrote, adding that "yes, we’ll grow revenue and audience year-over-year. But we need to stay steps ahead of changes unfolding fast across American media."
He said that those whose jobs were affected would receive a company email shortly after they received the memo with information about severance packages and an invite for a meeting with a leader of their team and a member of the People Team. "We wanted to tell each of you in person first, but the mechanics of that proved infeasible."
Was it everyone who reported on Kamala in 2021 as border czar?
But they reported the economy was great…confused.
state-run-media consolidations.
That seems like a lot of people for what they do. How can they compete with individuals and small groups who are doing pretty much the same thing?
AI does the work of an entire newsroom.
Feel-good post of the day!
Build Back Better!!!
No more donations from the left wing billionaire class.
Schadenfreude, baby Schadenfreude!
Wow, they receive the courtesy of a company email? Wow, what a great employer.......
Sarcasm.....
I know this tactic! Bigwig CEO tells underling to fire everybody. She says, “F you, I’ll send out an email and sign your name to it...”
10% of their staff is probably half the number sitting around watching porn at any one time.
Axios CEO Jim VandeHei
Jim Vandelay? The one who didn’t hire George to sell latex?
With the election coming up they will need fewer writers.
Just reprint the old narrative over and over.
Politico was founded in 2007 by two Washington Post employees:
At some point Politico hired Mike Allen, who was a journalist for The New York Times and Time Magazine. Allen was hired to write a daily email newsletter for Politico.
In 2016, VandenHei and Allen left Politico to start Axios. Axios was established to be a digital short-form news source that focused on industry-specific stories. I think of it as a USA Today for Politico.
So, you can see that Politico is simply a front for the writers of The Washington Post, The New York Times, New Yorker, Time, MSNBC, Los Angeles Times, Slate, etc. Axios publishes a story or poll, then Politico writes a full piece on it, then the NYT and WaPo report that Politico and Axios said so and such... and then the rest of the LAAP-dog media report the NYT story. That's how the left gets its message into the mainstream subconscious.
This is the Democrat implementation of what the Clinton White House described as the "Communication Stream of Conspiracy Commerce" in a secret 1995 memo to describe the rise of the alternative right-wing media, or what Hillary Clinton called it, "the vast right-wing conspiracy." The full memo is here.
-PJ
Businesses are not doing well IMO. I observe that people are not buying like they use to (in the stores) and on TV I see a lot of commercials offering big sales (”get 3 for price of !).
Maybe they can learn to code?
Liberal company? I hope they hurt. Way past time we made *THEM* feel the pain of their own ideology.
“We’re eliminating around 50 positions”
50 positions. By all means that warrants a “BREAKING” in the headline.
Just more ways to manipulate the public into believing their lies and misdirections.
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