The Atlantic laid off 17% of its staffers today from across the company, including editorial, sales, marketing and live events.
The publisher, which has seen a recent notable uptick in subscribers during the Covid-19 pandemic, couldn’t rely on that as enough of a revenue source to make up for financial losses from its in-person events business and loss of advertisers.
Since March, The Atlantic attracted more than 90,000 new subscribers. Amid the pandemic, that figure was seen as a hopeful sign, especially for a media organization that had only launched its paywall in September.
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