Tuesday, May 07, 2019

G/O Media lays off 25


G/O Media is laying off 25, around 6 percent of its team of 400, according to Variety.  
The new company owns The Onion and the former Gizmodo Media Group, which Univision sold in April to private-equity firm Great Hill Partners and Jim Spanfeller.
The cuts come not long after CEO Spanfeller told Variety that “We don’t plan to cut our way to growth,” but that the company is “looking to run things more efficiently.”
The cuts “are not about making the company smaller,” Spanfeller said in an internal memo to staff seen by Variety. The company believes it will end its year with more than 400 in staff, according to Spanfeller, Variety reported.
The layoffs were inspired by the “need to re-configure specific processes” and “were not performance driven but rather process motivated,” according to Spanfeller.
G/O Media owns Gizmodo, Deadspin, Lifehacker, Kotaku, Jalopnik, Jezebel, Splinter, The Root, The Onion, A.V. Club, ClickHole and The Takeout.

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