The Atlantic laid off 17 percent of its staffers Thursday from across the company, including editorial, sales, marketing and live events. (Adweek)
The 68 staff cuts are mostly attributable to the collapse of the company’s events business, which was one of its strongest pillars for many years. (Axios)
The layoffs affected 22 staff members in the editorial department, 11 of whom worked in its now-shuttered video arm. The rest of the people laid off were mainly part of the live events and marketing divisions. (NYT)
The remaining workers will endure a general pay freeze for the rest of 2020, and top executives will also experience a pay cut, said David Bradley, chairman and owner of Atlantic Media, in a memo to staff. (The Hill)
The 163-year-old publication has been behind some of the most-read stories about coronavirus and has amassed 90,000 new subscribers since March at the start of the pandemic in the United States, according to Thursday’s memo. (CNN Business)