Layoffs Hit The Daily Beast

About two dozen employees get the axe

The Daily Beast may be spared from shuttering for at least another year, but it will continue to operate with a staff that's about two dozen employees lighter, according to Adweek sister publication The Hollywood Reporter.

The majority of the job cuts came out of the New York office, where the Beast is headquartered, but people were also laid off in the Washington, D.C., and Los Angeles offices, according to the report.

Capital New York first reported on the layoffs last week, noting that about 65 employees remain on staff at the site.

The Daily Beast's corporate owner, IAC, approved a 2014 budget for the site late last month, dispelling—at least temporarily—reports that the site would fold after outgoing editor Tina Brown departs at the end of the year.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in