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.
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.