Medium Just Laid Off 50 Employees and Shut Down Offices in New York and D.C.

CEO Ev Williams wants to move past ads

Medium founder and CEO Ev Williams disclosed today in a blog post that his four-and-a-half-year-old company is eliminating 50 jobs and shutting down offices in New York and Washington, D.C. In a philosophical letter to the public, he recounted how his team's ultimate goals had gotten off course thanks to the monetization model known as advertising.