Nieman Foundation at Harvard
On Tuesday, Axios CEO Jim VandeHei told staff (in an email that used Axios’ “smart brevity” format) the company is laying off 50 people, or about 10% of its employees. These are the first layoffs in the 7-year history of the company, which until now seemed to have dodged the icebergs that had torn holes into many of its competitors; it was so successful, in fact, that Cox Enterprises bought Axios for $525 million in 2022. Its founders — VandeHei, Mike Allen, and Roy Schwartz — stayed on to continue running the company.
In his memo, VandeHei mentioned that reader attention is “scattering across social, podcasts, individual creators and influencers, partisan websites and more,” and that this coupled with AI models’ ability to summarize news makes now “the most difficult moment for media in our lifetime.” In April, VandeHei had told The New York Times he was concerned the rise of AI would “eviscerate the weak, the ordinary, the unprepared in media,” and that Axios’ strategy would shift toward live events, membership programs, and premium newsletters.
Axios’ Detroit and Tampa Bay reporters both posted about being laid off, as did a national news editor. The visuals team was hit particularly hard, according to Axios’ managing editor of data visuals.
NEW: Axios is laying off 50 people across the company. CEO @JimVandeHei just sent out this note — which says the layoffs are because of “changes in the media business” pic.twitter.com/lLVemNFh0N
— Katie Robertson (@katie_robertson) August 6, 2024
There’s just something so unsettling that they used the Axios “smart brevity” bulletpoint format to fire their staffers.
WHY IT MATTERS: You will no longer have a job. https://t.co/oVWTUhUFVE
— Justin Baragona (@justinbaragona) August 6, 2024
Axios laying off people in smart brevity style and doing it as a news dump right before the vice presidential announcement is heartless stuff.
— Scott Nover (@ScottNover) August 6, 2024
Everything else aside here—notable that VandeHei essentially cites AI as a threat to Axios’ business model https://t.co/zJbmTYLzVI
— Damon Beres (@dlberes) August 6, 2024
it’s a sad day for those of us at Axios that are losing beloved colleagues — i promise our internal email format is not the most gutting thing about this news and saying so is not very nice to those laid off!
— Ashley Gold (@ashleyrgold) August 6, 2024
391 comments:
I have recently started a site, the info you offer on this site has helped me greatly. Thanks for all of your time & work.
Thanks for another informative web site. Where else could I get that type of information written in such a perfect way? I’ve a project that I’m just now working on, and I’ve been on the look out for such info.
I haven¦t checked in here for a while because I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend :)
There is definately a lot to learn about this subject.
I love all the points you have made.
Thanks for the auspicious writeup. It in reality was once a leisure account it. Glance complex to far added agreeable from you! However, how can we communicate?
I was studying some of your posts on this internet site and I conceive this internet site is very instructive! Keep on putting up.
Of course, what a splendid blog and educative posts, I surely will bookmark your website.All the Best!
An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why waste your intelligence on just posting videos to your weblog when you could be giving us something informative to read?
I went over this site and I conceive you have a lot of excellent info , bookmarked (:.
The genius wave software
Some genuinely interesting points you have written.Aided me a lot, just what I was looking for : D.
F*ckin’ tremendous issues here. I am very satisfied to see your post. Thanks so much and i am having a look ahead to contact you. Will you kindly drop me a mail?
Some genuinely wonderful blog posts on this internet site, thanks for contribution. “Gratitude is not only the greatest of virtues, but the parent of all others.” by Cicero.
Very interesting topic, appreciate it for putting up.
Thank you, I’ve just been looking for information approximately this topic for a long time and yours is the best I have found out till now. But, what concerning the bottom line? Are you sure about the source?
Really nice pattern and wonderful subject matter, practically nothing else we require : D.
Great weblog right here! Additionally your website rather a lot up very fast! What web host are you the usage of? Can I am getting your associate link on your host? I want my site loaded up as fast as yours lol
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
I want forgathering useful info, this post has got me even more info! .
Aw, this was a very nice post. In thought I would like to put in writing like this additionally – taking time and precise effort to make a very good article… however what can I say… I procrastinate alot and not at all appear to get something done.
Somebody essentially help to make seriously posts I would state. This is the first time I frequented your website page and thus far? I surprised with the research you made to make this particular publish incredible. Excellent job!
Zencortex
WONDERFUL Post.thanks for share..more wait .. …
I don’t unremarkably comment but I gotta admit thankyou for the post on this one : D.
Lottery defeater reviews
Simply wanna input that you have a very nice website , I love the design and style it actually stands out.
Hi, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam remarks? If so how do you prevent it, any plugin or anything you can advise? I get so much lately it’s driving me crazy so any assistance is very much appreciated.
Glad to be one of several visitants on this awe inspiring website : D.
Hello! This post could not be written any better! Reading this post reminds me of my good old room mate! He always kept chatting about this. I will forward this post to him. Fairly certain he will have a good read. Thanks for sharing!
Simply want to say your article is as surprising. The clearness in your post is simply great and i can assume you are an expert on this subject. Fine with your permission allow me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please keep up the enjoyable work.
Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say fantastic blog!
I have been exploring for a bit for any high quality articles or blog posts in this sort of area . Exploring in Yahoo I finally stumbled upon this website. Reading this information So i¦m happy to convey that I’ve an incredibly excellent uncanny feeling I came upon exactly what I needed. I most surely will make certain to do not disregard this website and provides it a look regularly.
ptuiv5
Good info and straight to the point. I am not sure if this is actually the best place to ask but do you people have any thoughts on where to employ some professional writers? Thanks in advance :)
I was studying some of your articles on this internet site and I believe this internet site is rattling instructive! Keep on posting.
Hi my friend! I wish to say that this post is awesome, nice written and include approximately all important infos. I’d like to see more posts like this.
hi!,I like your writing so a lot! percentage we be in contact more approximately your post on AOL? I need an expert on this house to solve my problem. May be that’s you! Having a look ahead to look you.
Excellent post. I was checking continuously this blog and I am inspired!
Very helpful information specifically the last phase :) I handle such information much.
I was seeking this certain information for a very long time.
Thank you and good luck.
You actually make it seem so easy together with your presentation however I in finding this topic to be actually one thing which I feel I’d never understand. It kind of feels too complicated and extremely huge for me. I’m having a look ahead for your next publish, I¦ll attempt to get the hold of it!
Hi there very nice web site!! Guy .. Beautiful .. Wonderful .. I will bookmark your web site and take the feeds additionally?KI am glad to search out so many useful information here in the put up, we want work out extra techniques in this regard, thank you for sharing. . . . . .
Trackbacks:
Leave a comment