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The lifestyle media company Bustle Digital Group laid off 21 full-time employees, roughly 5% of its total headcount, this morning, according to a memo from founder Bryan Goldberg obtained by Adweek.
The cuts, which eliminated 8 members of the tech title Inverse as well as other roles in social media and video, mark the fourth round of layoffs the digital media company has undergone in the last 12 months.
The company hollowed out Mic and shuttered Input in September, eliminated a dozen part-time roles in November and closed Gawker in February, all of which Adweek first reported.
Goldberg blamed the layoffs on the depressed advertising climate, citing a need to reduce expenses.
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