People Inc. is laying off 195 employees, most of them in its print and legacy web businesses, according to a copy of a memo from CEO Neil Vogel obtained by ADWEEK. Scroll down to read the memo in full.
HR and business leaders have scheduled one-on-one meetings with affected employees, according to the memo, which went out to staff Thursday morning. The cuts amount to around 6% of the company’s workforce.
The reductions come as other media giants are also shrinking.
Netflix laid off about 1,000 employees, roughly 6% of its workforce, earlier this month, its largest round of cuts since 2022.
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