Two fast growing digital media companies have announced dozens of staff cuts.
Bleacher Report, known for its sports reporting and hot takes on sports culture, has let 50 employees go. While Group Nine Media, formerly known has Thrillist, has cut more than 20.
Dave Finocchio, co-founder and CEO of the Turner-owned Bleacher Report, says the cuts are not indicative of a downward trend, but a response to areas of “redundancy.”
“Some of our colleagues will be parting ways with the company this week, as their positions no longer align with current organizational goals,” Finocchio wrote in the memo obtained by Adweek.
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