Legacy Media Bloodbath Escalates with More Layoffs and Shutdowns for Leftist News Outlets
Image: Official White House Photo by Erin Scott
‘Given the cuts made earlier this year, it suggests that the changes are far from over’
This article originally appeared on WND.com
Guest by post by Joe Kovacs
Severe financial turmoil in the media world is continuing with more shutdowns and layoffs taking place this week.
Axios is laying off some 50 staffers, CEO Jim VandeHei announced Tuesday in an internal memo.
VandeHei told his workers the outlet would be nixing 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.
